The Rejuvenation of Viela Bio Inc. (NASDAQ:VIE)

The Rejuvenation of Viela Bio Inc. (NASDAQ:VIE)


The Viela Bio Inc. (VIE) shares are trading at higher $48.66 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $63.00.

To add more color to this target, the company’s high over the last year is $70.66 and the low is $18.20. Over the last 52 weeks, VIE is down -31.14% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VIE reported a profit of $1.33 million. Viela Bio Inc. also saw revenues increase to $42.11 million. In addition, VIE has free cash flow of -$11.02 million as of 03-2020 The company’s EBITDA came in at -$42.02 million which compares well with its peers.

VIE Return on Equity (ROE) is -213.80%, and its Return on Assets is -36.70%. All told, it is clear that, VIE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VIE has a short ratio of 5.74 and outstanding shares of 51.00M.

Company Outlook

VIE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.78 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.55. Viela Bio Inc. VIE also noted assets of $343.26 million at the end of the last quarter. Investors should also keep an eye on sector updates as VIE has historically followed its peers on positive news.

All told, Viela Bio Inc. VIE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VIE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Viela Bio Inc. VIE is now commanding a market cap of 2.66B and a float of 24.41M. VIE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VIE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VIE, either long or short, and we have not been compensated for this article.