Is Now the Time to Invest in Firsthand Technology Value Fund Inc....

Is Now the Time to Invest in Firsthand Technology Value Fund Inc. (NASDAQ:SVVC)?


The Firsthand Technology Value Fund Inc. (SVVC) shares are trading at higher $4.35.

To add more color to this target, the company’s high over the last year is $9.58 and the low is $2.72. Over the last 52 weeks, SVVC is down -54.59% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SVVC reported a profit of $12000.0. Firsthand Technology Value Fund Inc. also saw revenues increase to $0.77 million. In addition, SVVC has free cash flow of $2.02 million as of 03-2020 The company’s EBITDA came in at $12000.0 which compares well with its peers.

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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. SVVC has a short ratio of 0.16 and outstanding shares of 6.89M.

Company Outlook

SVVC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 88620.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -14.92. Investors should also keep an eye on sector updates as SVVC has historically followed its peers on positive news.

All told, Firsthand Technology Value Fund Inc. SVVC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SVVC 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.

Firsthand Technology Value Fund Inc. SVVC is now commanding a market cap of 29.98M. SVVC 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 SVVC 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 SVVC, either long or short, and we have not been compensated for this article.