71.9 F
New York
Friday, September 25, 2020

The Rejuvenation of VolitionRx Limited (AMEX:VNRX)

Must read

MoneyGram International Inc. (NASDAQ:MGI) Finding Zero Support

MoneyGram International Inc. (MGI) shares are trading at lower $2.68 and the avg recommendation for the stock is Hold. while the current analyst price...

Kandi Technologies Group Inc. (NASDAQ:KNDI) on the Path to Ruin

Kandi Technologies Group Inc. (KNDI) shares are trading at lower $5.56. while the current analyst price target stands at $4.59. To add more color...

The Unprecedented Rise of Alexco Resource Corp. (AMEX:AXU)

Alexco Resource Corp. (AXU) shares are trading at lower $2.57 and the avg recommendation for the stock is Moderate Buy. while the current analyst...

Investor Confidence is Falling for ImmunoGen Inc. (NASDAQ:IMGN)

ImmunoGen Inc. (IMGN) shares are trading at lower $3.62 and the avg recommendation for the stock is Moderate Buy. while the current analyst price...

The VolitionRx Limited (VNRX) shares are trading at higher $3.75 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $6.84 and the low is $2.22. Over the last 52 weeks, VNRX is down -45.18% while the S&P 500 is up 1.30%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VNRX reported a profit of $5.87 million. VolitionRx Limited also saw revenues increase to $1000.0. In addition, VNRX has free cash flow of -$5.13 million as of 03-2020. The company’s EBITDA came in at -$5.69 million which compares well with its peers.

VNRX Return on Equity (ROE) is -123.30%, and its Return on Assets is -83.70%. All told, it is clear that, VNRX needs to be on your watchlist.

Find out when VNRX reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

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. VNRX has a short ratio of 1.47 and outstanding shares of 41.20M.

Company Outlook

VNRX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.44. VolitionRx Limited VNRX also noted assets of $16.88 million at the end of the last quarter. Investors should also keep an eye on sector updates as VNRX has historically followed its peers on positive news.

All told, VolitionRx Limited VNRX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VNRX 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.

VolitionRx Limited VNRX is now commanding a market cap of 158.66M and a float of 27.65M. VNRX 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 VNRX 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 VNRX, either long or short, and we have not been compensated for this article.

Latest article

Enerplus Corporation (NYSE:ERF) on the Path to Ruin

Enerplus Corporation (ERF) shares are trading at lower $1.77 and the avg recommendation for the stock is Moderate Buy. To add more color to...

Is Now the Time to Invest in Euronav NV (NYSE:EURN)?

Euronav NV (EURN) shares are trading at lower $8.72 and the avg recommendation for the stock is Strong Buy. while the current analyst price...

Sempra Energy (NYSE:SRE) Stock is Plummeting, Here is Why

Sempra Energy (SRE) shares are trading at lower $114.50 and the avg recommendation for the stock is Moderate Buy. while the current analyst price...

Quanta Services Inc. (NYSE:PWR) is Holding Steady

Quanta Services Inc. (PWR) shares are trading at higher $51.29 and the avg recommendation for the stock is Strong Buy. while the current analyst...

Investor Confidence is Falling for Ares Capital Corporation (NASDAQ:ARCC)

Ares Capital Corporation (ARCC) shares are trading at lower $13.41 and the avg recommendation for the stock is Strong Buy. while the current analyst...