Kaleyra Inc. (AMEX:KLR) Stock is Soaring, Here is Why

Kaleyra Inc. (AMEX:KLR) Stock is Soaring, Here is Why

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The Kaleyra Inc. (KLR) shares are trading at higher $4.00.

To add more color to this target, the company’s high over the last year is $11.35 and the low is $3.80. Over the last 52 weeks, KLR is down -64.76% while the S&P 500 is up 1.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KLR reported a profit of $4.73 million. Kaleyra Inc. also saw revenues increase to $33.63 million. In addition, KLR has free cash flow of -$3.67 million as of 03-2020 The company’s EBITDA came in at -$8.94 million 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. KLR has a short ratio of 6.48 and outstanding shares of 19.98M.

Company Outlook

KLR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Kaleyra Inc. KLR also noted assets of $111.44 million at the end of the last quarter. Investors should also keep an eye on sector updates as KLR has historically followed its peers on positive news.

All told, Kaleyra Inc. KLR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KLR 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.

Kaleyra Inc. KLR is now commanding a market cap of 91.36M and a float of 4.23M. KLR 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 KLR 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 KLR, either long or short, and we have not been compensated for this article.