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Friday, September 25, 2020

Investor Confidence is Falling for ARC Document Solutions Inc. (NYSE:ARC)

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The ARC Document Solutions Inc. (ARC) shares are trading at lower $0.78.

To add more color to this target, the company’s high over the last year is $1.98 and the low is $0.34. Over the last 52 weeks, ARC is down -60.45% 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, ARC reported a profit of $27.6 million. ARC Document Solutions Inc. also saw revenues increase to $88.42 million. In addition, ARC has free cash flow of $1.65 million as of 03-2020. The company’s EBITDA came in at $10.68 million which compares well with its peers.

ARC booked profit margins of 0.80%, its Return on Equity (ROE) is 2.20%, and its Return on Assets is 0.80%. All told, it is clear that, ARC 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. ARC has a short ratio of 1.58 and outstanding shares of 43.68M.

Company Outlook

ARC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 96480.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.07. ARC Document Solutions Inc. ARC also noted assets of $368.71 million at the end of the last quarter. Investors should also keep an eye on sector updates as ARC has historically followed its peers on positive news.

All told, ARC Document Solutions Inc. ARC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ARC 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.

ARC Document Solutions Inc. ARC is now commanding a market cap of 33.70M and a float of 35.02M. ARC 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 ARC 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 ARC, either long or short, and we have not been compensated for this article.

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