The Theratechnologies Inc. (THTX) shares are trading at higher $2.50.
To add more color to this target, the company’s high over the last year is $4.57 and the low is $1.33. Over the last 52 weeks, THTX is down -45.35% 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, THTX reported a profit of $9.78 million. Theratechnologies Inc. also saw revenues increase to $17.16 million. In addition, THTX has free cash flow of -$7.94 million as of 05-2020. The company’s EBITDA came in at -$2.38 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. THTX has a short ratio of 4.66 and outstanding shares of 77.01M.
THTX 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. Theratechnologies Inc. THTX also noted assets of $111.75 million at the end of the last quarter. Investors should also keep an eye on sector updates as THTX has historically followed its peers on positive news.
All told, Theratechnologies Inc. THTX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, THTX 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.
Theratechnologies Inc. THTX is now commanding a market cap of 192.53M and a float of 76.07M. THTX 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 THTX 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 THTX, either long or short, and we have not been compensated for this article.