The Forecast Just Changed on HL Acquisitions Corp. (NASDAQ:HCCH)

The Forecast Just Changed on HL Acquisitions Corp. (NASDAQ:HCCH)

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The HL Acquisitions Corp. (HCCH) shares are trading at higher $10.80.

To add more color to this target, the company’s high over the last year is $13.20 and the low is $10.10. Over the last 52 weeks, HCCH is down -18.18% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HCCH reported a profit of $0.24 million. HL Acquisitions Corp. also saw revenues increase to $0.24 million. In addition, HCCH has free cash flow of -$0.6 million as of 03-2020 The company’s EBITDA came in at -$0.24 million which compares well with its peers.

HCCH Return on Equity (ROE) is -1.20%, and its Return on Assets is -1.20%. All told, it is clear that, HCCH 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. HCCH has a short ratio of 0.21 and outstanding shares of 1.98M.

Company Outlook

HCCH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.36. HL Acquisitions Corp. HCCH also noted assets of $53.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as HCCH has historically followed its peers on positive news.

All told, HL Acquisitions Corp. HCCH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HCCH 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.

HL Acquisitions Corp. HCCH is now commanding a market cap of 70.85M and a float of 1.05M. HCCH 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 HCCH 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 HCCH, either long or short, and we have not been compensated for this article.