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Thursday, September 24, 2020

Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) on the Path to Profitability

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The Adamis Pharmaceuticals Corporation (ADMP) shares are trading at higher $1.04 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $1.25.

To add more color to this target, the company’s high over the last year is $1.44 and the low is $0.27. Over the last 52 weeks, ADMP is down -27.78% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ADMP reported a profit of $0.98 million. Adamis Pharmaceuticals Corporation also saw revenues increase to $4.66 million. In addition, ADMP has free cash flow of -$4.51 million as of 03-2020. The company’s EBITDA came in at -$9.34 million which compares well with its peers.

ADMP Return on Equity (ROE) is -85.60%, and its Return on Assets is -63.60%. All told, it is clear that, ADMP 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. ADMP has a short ratio of 1.00 and outstanding shares of 73.92M.

Company Outlook

ADMP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 15.97 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.53. Adamis Pharmaceuticals Corporation ADMP also noted assets of $45.28 million at the end of the last quarter. Investors should also keep an eye on sector updates as ADMP has historically followed its peers on positive news.

All told, Adamis Pharmaceuticals Corporation ADMP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ADMP 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.

Adamis Pharmaceuticals Corporation ADMP is now commanding a market cap of 75.10M and a float of 72.66M. ADMP 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 ADMP 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 ADMP, either long or short, and we have not been compensated for this article.

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