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Wednesday, August 4, 2021

ENDRA Life Sciences Inc. (NASDAQ:NDRA) is Waving the Bull Flag

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The ENDRA Life Sciences Inc. (NDRA) shares are trading at higher $1.04 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 $2.25 and the low is $0.60. Over the last 52 weeks, NDRA is down -53.78% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NDRA reported a profit of $-0.22 million. ENDRA Life Sciences Inc. also saw revenues decrease to $3.1 million. In addition, NDRA has free cash flow of -$3.11 million as of 03-2020. The company’s EBITDA came in at -$2.83 million which compares well with its peers.

NDRA Return on Equity (ROE) is -688.90%, and its Return on Assets is -393.90%. All told, it is clear that, NDRA 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. NDRA has a short ratio of 1.18 and outstanding shares of 14.50M.

Company Outlook

NDRA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.23. ENDRA Life Sciences Inc. NDRA also noted assets of $4.4 million at the end of the last quarter. Investors should also keep an eye on sector updates as NDRA has historically followed its peers on positive news.

All told, ENDRA Life Sciences Inc. NDRA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NDRA 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.

ENDRA Life Sciences Inc. NDRA is now commanding a market cap of 14.10M and a float of 12.77M. NDRA 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 NDRA 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 NDRA, either long or short, and we have not been compensated for this article.

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