The Can-Fite BioPharma Ltd. (CANF) shares are trading at higher $2.44 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 $4.95 and the low is $1.08. Over the last 52 weeks, CANF is down -50.71% while the S&P 500 is up 0.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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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. CANF has a short ratio of 0.13 and outstanding shares of 15.41M.
CANF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.04 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.06. Can-Fite BioPharma Ltd. CANF also noted assets of $11.75 million at the end of the last quarter. Investors should also keep an eye on sector updates as CANF has historically followed its peers on positive news.
All told, Can-Fite BioPharma Ltd. CANF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CANF 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.
Can-Fite BioPharma Ltd. CANF is now commanding a market cap of 37.61M and a float of 7.82M. CANF 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 CANF 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 CANF, either long or short, and we have not been compensated for this article.