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Wednesday, September 30, 2020

Investor Confidence is Rising for Helius Medical Technologies Inc. (NASDAQ:HSDT)

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The Helius Medical Technologies Inc. (HSDT) shares are trading at higher $0.62.

To add more color to this target, the company’s high over the last year is $2.42 and the low is $0.25. Over the last 52 weeks, HSDT is down -74.34% 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, HSDT reported a profit of $0.11 million. Helius Medical Technologies Inc. also saw revenues increase to $0.21 million. In addition, HSDT has free cash flow of -$3.75 million as of 03-2020. The company’s EBITDA came in at -$3.67 million which compares well with its peers.

HSDT Return on Equity (ROE) is -97.00%, and its Return on Assets is -59.90%. All told, it is clear that, HSDT 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. HSDT has a short ratio of 0.77 and outstanding shares of 38.04M.

Company Outlook

HSDT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.11 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.57. Helius Medical Technologies Inc. HSDT also noted assets of $8.46 million at the end of the last quarter. Investors should also keep an eye on sector updates as HSDT has historically followed its peers on positive news.

All told, Helius Medical Technologies Inc. HSDT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HSDT 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.

Helius Medical Technologies Inc. HSDT is now commanding a market cap of 22.81M and a float of 30.92M. HSDT 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 HSDT 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 HSDT, either long or short, and we have not been compensated for this article.

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