The Graf Industrial Corp. (GRAF) shares are trading at higher $16.20.
To add more color to this target, the company’s high over the last year is $24.35 and the low is $9.87. Over the last 52 weeks, GRAF is down -33.47% while the S&P 500 is down -1.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GRAF reported a profit of $-2.03 million. Graf Industrial Corp. also saw revenues decrease to $0.41 million. In addition, GRAF has free cash flow of -$0.32 million as of 03-2020. The company’s EBITDA came in at -$0.41 million which compares well with its peers.
GRAF Return on Equity (ROE) is -283.70%, and its Return on Assets is -5.90%. All told, it is clear that, GRAF 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. GRAF has a short ratio of 0.27 and outstanding shares of 30.47M.
GRAF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.69 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.48. Graf Industrial Corp. GRAF also noted assets of $250.22 million at the end of the last quarter. Investors should also keep an eye on sector updates as GRAF has historically followed its peers on positive news.
All told, Graf Industrial Corp. GRAF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GRAF 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.
Graf Industrial Corp. GRAF is now commanding a market cap of 262.60M and a float of 15.76M. GRAF 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 GRAF 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 GRAF, either long or short, and we have not been compensated for this article.