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Wednesday, September 23, 2020

The Rejuvenation of Eloxx Pharmaceuticals Inc. (NASDAQ:ELOX)

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The Eloxx Pharmaceuticals Inc. (ELOX) shares are trading at higher $2.96 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 $9.45 and the low is $1.44. Over the last 52 weeks, ELOX is down -68.68% 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, ELOX reported a profit of $-0.18 million. Eloxx Pharmaceuticals Inc. also saw revenues decrease to $13.77 million. In addition, ELOX has free cash flow of -$11.92 million as of 03-2020. The company’s EBITDA came in at -$13.5 million which compares well with its peers.

ELOX Return on Equity (ROE) is -129.90%, and its Return on Assets is -83.60%. All told, it is clear that, ELOX 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. ELOX has a short ratio of 9.47 and outstanding shares of 40.07M.

Company Outlook

ELOX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 83390.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.36. Eloxx Pharmaceuticals Inc. ELOX also noted assets of $47.04 million at the end of the last quarter. Investors should also keep an eye on sector updates as ELOX has historically followed its peers on positive news.

All told, Eloxx Pharmaceuticals Inc. ELOX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ELOX 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.

Eloxx Pharmaceuticals Inc. ELOX is now commanding a market cap of 112.54M and a float of 35.64M. ELOX 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 ELOX 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 ELOX, either long or short, and we have not been compensated for this article.

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