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Monday, September 21, 2020

The Unprecedented Rise of Kirkland’s Inc. (NASDAQ:KIRK)

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The Kirkland’s Inc. (KIRK) shares are trading at higher $3.42 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 $3.70 and the low is $0.56. Over the last 52 weeks, KIRK is down -7.57% 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, KIRK reported a profit of $10.24 million. Kirkland’s Inc. also saw revenues increase to $77.25 million. In addition, KIRK has free cash flow of -$40.12 million as of 04-2020. The company’s EBITDA came in at -$21.52 million which compares well with its peers.

KIRK booked profit margins of -9.40%, its Return on Equity (ROE) is -62.80%, and its Return on Assets is -11.60%. All told, it is clear that, KIRK 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. KIRK has a short ratio of 1.47 and outstanding shares of 13.99M.

Company Outlook

KIRK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.7 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.71. Kirkland’s Inc. KIRK also noted assets of $425.96 million at the end of the last quarter. Investors should also keep an eye on sector updates as KIRK has historically followed its peers on positive news.

All told, Kirkland’s Inc. KIRK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KIRK 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.

Kirkland’s Inc. KIRK is now commanding a market cap of 43.95M and a float of 13.15M. KIRK 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 KIRK 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 KIRK, either long or short, and we have not been compensated for this article.

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