The Taiwan Liposome Company Ltd. (TLC) shares are trading at higher $8.50 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 $8.54 and the low is $2.48. Over the last 52 weeks, TLC is down -0.47% 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, TLC reported a profit of $7.43 million. Taiwan Liposome Company Ltd. also saw revenues increase to $0.4 million. In addition, TLC has free cash flow of -$9.38 million as of 03-2020. The company’s EBITDA came in at -$6.52 million which compares well with its peers.
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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. TLC has a short ratio of 0.44 and outstanding shares of 42.09M.
TLC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 6540.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.51. Taiwan Liposome Company Ltd. TLC also noted assets of $37.27 million at the end of the last quarter. Investors should also keep an eye on sector updates as TLC has historically followed its peers on positive news.
All told, Taiwan Liposome Company Ltd. TLC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TLC 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.
Taiwan Liposome Company Ltd. TLC is now commanding a market cap of 357.80M and a float of 29.70M. TLC 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 TLC 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 TLC, either long or short, and we have not been compensated for this article.