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Wednesday, September 30, 2020

Senmiao Technology Limited (NASDAQ:AIHS) is Holding Steady

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The Senmiao Technology Limited (AIHS) shares are trading at higher $1.25.

To add more color to this target, the company’s high over the last year is $2.28 and the low is $0.26. Over the last 52 weeks, AIHS is down -45.18% while the S&P 500 is up 0.76%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AIHS reported a profit of $0.84 million. Senmiao Technology Limited also saw revenues increase to $2.75 million. In addition, AIHS has free cash flow of -$7.42 million as of 12-2019 The company’s EBITDA came in at -$0.49 million which compares well with its peers.

AIHS booked profit margins of -33.40%, its Return on Equity (ROE) is -61.70%, and its Return on Assets is -35.60%. All told, it is clear that, AIHS 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. AIHS has a short ratio of 0.13 and outstanding shares of 28.83M.

Company Outlook

AIHS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.34 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.05. Senmiao Technology Limited AIHS also noted assets of $14.71 million at the end of the last quarter. Investors should also keep an eye on sector updates as AIHS has historically followed its peers on positive news.

All told, Senmiao Technology Limited AIHS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AIHS 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.

Senmiao Technology Limited AIHS is now commanding a market cap of 35.55M and a float of 11.07M. AIHS 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 AIHS 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 AIHS, either long or short, and we have not been compensated for this article.

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