The CBL & Associates Properties Inc. (CBL) shares are trading at lower $0.25 and the avg recommendation for the stock is Moderate Sell.
To add more color to this target, the company’s high over the last year is $1.78 and the low is $0.18. Over the last 52 weeks, CBL is down -85.95% while the S&P 500 is up 0.55%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CBL reported a profit of $-95.33 million. CBL & Associates Properties Inc. also saw revenues decrease to $167.57 million. In addition, CBL has free cash flow of $15.97 million as of 03-2020 The company’s EBITDA came in at -$38.13 million which compares well with its peers.
CBL booked profit margins of -32.20%, its Return on Equity (ROE) is -30.30%, and its Return on Assets is -5.00%. All told, it is clear that, CBL 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. CBL has a short ratio of 2.00 and outstanding shares of 179.13M.
CBL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 16.35 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.34. Investors should also keep an eye on sector updates as CBL has historically followed its peers on positive news.
All told, CBL & Associates Properties Inc. CBL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CBL 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.
CBL & Associates Properties Inc. CBL is now commanding a market cap of 51.82M and a float of 156.50M. CBL 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 CBL 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 CBL, either long or short, and we have not been compensated for this article.