The Sol-Gel Technologies Ltd. (SLGL) shares are trading at higher $9.35 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $21.00 and the low is $5.00. Over the last 52 weeks, SLGL is down -55.48% 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, SLGL reported a profit of $10.69 million. Sol-Gel Technologies Ltd. also saw revenues increase to $3.46 million. In addition, SLGL has free cash flow of $0.0 as of 03-2020 The company’s EBITDA came in at -$7.23 million which compares well with its peers.
SLGL Return on Equity (ROE) is -44.60%, and its Return on Assets is -38.60%. All told, it is clear that, SLGL 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. SLGL has a short ratio of 2.75 and outstanding shares of 21.36M.
SLGL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 28940.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.33. Sol-Gel Technologies Ltd. SLGL also noted assets of $76.82 million at the end of the last quarter. Investors should also keep an eye on sector updates as SLGL has historically followed its peers on positive news.
All told, Sol-Gel Technologies Ltd. SLGL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SLGL 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.
Sol-Gel Technologies Ltd. SLGL is now commanding a market cap of 213.55M and a float of 6.12M. SLGL 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 SLGL 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 SLGL, either long or short, and we have not been compensated for this article.