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Tuesday, June 28, 2022

Simulations Plus Inc. (NASDAQ:SLP) Recent Earnings Shows Major Promise

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The Simulations Plus Inc. (SLP) shares are trading at higher $59.82 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $50.25.

To add more color to this target, the company’s high over the last year is $59.28 and the low is $26.00. Over the last 52 weeks, SLP is up 0.91% while the S&P 500 is up 1.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

SLP booked profit margins of 24.30%, its Return on Equity (ROE) is 23.80%, and its Return on Assets is 19.50%. All told, it is clear that, SLP 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. SLP has a short ratio of 7.47 and outstanding shares of 17.64M.

Company Outlook

SLP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.28 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.50. Investors should also keep an eye on sector updates as SLP has historically followed its peers on positive news.

All told, Simulations Plus Inc. SLP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SLP 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.

Simulations Plus Inc. SLP is now commanding a market cap of 1.05B and a float of 12.87M. SLP 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 SLP 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 SLP, either long or short, and we have not been compensated for this article.

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