The Boingo Wireless Inc. (WIFI) shares are trading at lower $14.29 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $20.06.
To add more color to this target, the company’s high over the last year is $16.17 and the low is $6.66. Over the last 52 weeks, WIFI is down -11.63% 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, WIFI reported a profit of $17.84 million. Boingo Wireless Inc. also saw revenues increase to $59.89 million. In addition, WIFI has free cash flow of -$3.56 million as of 03-2020. The company’s EBITDA came in at $20.15 million which compares well with its peers.
WIFI booked profit margins of -3.80%, its Return on Equity (ROE) is -10.60%, and its Return on Assets is -1.60%. All told, it is clear that, WIFI 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. WIFI has a short ratio of 6.85 and outstanding shares of 44.27M.
WIFI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.22. Boingo Wireless Inc. WIFI also noted assets of $703.09 million at the end of the last quarter. Investors should also keep an eye on sector updates as WIFI has historically followed its peers on positive news.
All told, Boingo Wireless Inc. WIFI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WIFI 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.
Boingo Wireless Inc. WIFI is now commanding a market cap of 641.05M and a float of 42.41M. WIFI 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 WIFI 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 WIFI, either long or short, and we have not been compensated for this article.