The Genmab A/S (GMAB) shares are trading at lower $35.10 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $36.10.
To add more color to this target, the company’s high over the last year is $36.63 and the low is $16.24. Over the last 52 weeks, GMAB is down -4.18% 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, GMAB reported a profit of $121.26 million. Genmab A/S also saw revenues increase to $131.75 million. In addition, GMAB has free cash flow of $323.76 million as of 03-2020. The company’s EBITDA came in at $10.49 million which compares well with its peers.
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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. GMAB has a short ratio of 1.22 and outstanding shares of 651.83M.
GMAB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.67 million and more growth is possible in the weeks ahead. Genmab A/S GMAB also noted assets of $2.26 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GMAB has historically followed its peers on positive news.
All told, Genmab A/S GMAB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GMAB 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.
Genmab A/S GMAB is now commanding a market cap of 22.88B and a float of 642.65M. GMAB 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 GMAB 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 GMAB, either long or short, and we have not been compensated for this article.