The Bridgeline Digital Inc. (BLIN) shares are trading at higher $2.41.
To add more color to this target, the company’s high over the last year is $3.11 and the low is $0.53. Over the last 52 weeks, BLIN is down -22.51% 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, BLIN reported a profit of $1.55 million. Bridgeline Digital Inc. also saw revenues increase to $2.74 million. In addition, BLIN has free cash flow of $90000.0 as of 03-2020. The company’s EBITDA came in at -$0.75 million which compares well with its peers.
BLIN booked profit margins of 58.30%, its Return on Equity (ROE) is 164.70%, and its Return on Assets is 54.60%. All told, it is clear that, BLIN 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. BLIN has a short ratio of 0.05 and outstanding shares of 4.35M.
BLIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.20. Bridgeline Digital Inc. BLIN also noted assets of $10.79 million at the end of the last quarter. Investors should also keep an eye on sector updates as BLIN has historically followed its peers on positive news.
All told, Bridgeline Digital Inc. BLIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BLIN 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.
Bridgeline Digital Inc. BLIN is now commanding a market cap of 8.41M and a float of 3.18M. BLIN 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 BLIN 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 BLIN, either long or short, and we have not been compensated for this article.