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Thursday, October 1, 2020

Is Now the Time to Invest in Radius Health Inc. (NASDAQ:RDUS)?

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The Radius Health Inc. (RDUS) shares are trading at higher $13.85 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $23.43.

To add more color to this target, the company’s high over the last year is $29.97 and the low is $10.32. Over the last 52 weeks, RDUS is down -53.79% 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, RDUS reported a profit of $43.86 million. Radius Health Inc. also saw revenues increase to $47.92 million. In addition, RDUS has free cash flow of -$33.19 million as of 03-2020. The company’s EBITDA came in at -$26.8 million which compares well with its peers.

RDUS booked profit margins of -66.80%, its Return on Equity (ROE) is 363.30%, and its Return on Assets is -57.30%. All told, it is clear that, RDUS 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. RDUS has a short ratio of 11.35 and outstanding shares of 46.39M.

Company Outlook

RDUS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.77. Radius Health Inc. RDUS also noted assets of $201.58 million at the end of the last quarter. Investors should also keep an eye on sector updates as RDUS has historically followed its peers on positive news.

All told, Radius Health Inc. RDUS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RDUS 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.

Radius Health Inc. RDUS is now commanding a market cap of 589.59M and a float of 46.28M. RDUS 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 RDUS 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 RDUS, either long or short, and we have not been compensated for this article.

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