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Thursday, October 1, 2020

EDAP TMS S.A. (NASDAQ:EDAP) is Waving the Bull Flag

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The EDAP TMS S.A. (EDAP) shares are trading at higher $2.93 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $5.39 and the low is $1.46. Over the last 52 weeks, EDAP is down -45.64% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EDAP reported a profit of $3.38 million. EDAP TMS S.A. also saw revenues increase to $8.4 million. In addition, EDAP has free cash flow of $0.0 as of 03-2020. The company’s EBITDA came in at -$1.61 million which compares well with its peers.

EDAP booked profit margins of -0.30%, its Return on Equity (ROE) is -0.50%. All told, it is clear that, EDAP 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. EDAP has a short ratio of 0.39 and outstanding shares of 29.14M.

Company Outlook

EDAP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 74980.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.01. Investors should also keep an eye on sector updates as EDAP has historically followed its peers on positive news.

All told, EDAP TMS S.A. EDAP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EDAP 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.

EDAP TMS S.A. EDAP is now commanding a market cap of 85.03M and a float of 12.42M. EDAP 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 EDAP 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 EDAP, either long or short, and we have not been compensated for this article.

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