The Acceleron Pharma Inc. (XLRN) shares are trading at lower $97.79 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $123.80.
To add more color to this target, the company’s high over the last year is $110.49 and the low is $37.60. Over the last 52 weeks, XLRN is down -11.49% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, XLRN reported a profit of $55.92 million. Acceleron Pharma Inc. also saw revenues increase to $4.34 million. In addition, XLRN has free cash flow of -$46.97 million as of 03-2020. The company’s EBITDA came in at -$50.58 million which compares well with its peers.
XLRN Return on Equity (ROE) is -30.10%, and its Return on Assets is -27.00%. All told, it is clear that, XLRN 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. XLRN has a short ratio of 5.26 and outstanding shares of 53.36M.
XLRN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.67 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.60. Acceleron Pharma Inc. XLRN also noted assets of $464.16 million at the end of the last quarter. Investors should also keep an eye on sector updates as XLRN has historically followed its peers on positive news.
All told, Acceleron Pharma Inc. XLRN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, XLRN 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.
Acceleron Pharma Inc. XLRN is now commanding a market cap of 5.75B and a float of 51.15M. XLRN 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 XLRN 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 XLRN, either long or short, and we have not been compensated for this article.