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Monday, September 21, 2020

CPS Technologies Corporation (NASDAQ:CPSH) is Holding Steady

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The CPS Technologies Corporation (CPSH) shares are trading at higher $2.83.

To add more color to this target, the company’s high over the last year is $3.35 and the low is $0.86. Over the last 52 weeks, CPSH is down -15.52% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CPSH reported a profit of $1.55 million. CPS Technologies Corporation also saw revenues increase to $6.51 million. In addition, CPSH has free cash flow of -$0.34 million as of 03-2020. The company’s EBITDA came in at $0.75 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. CPSH has a short ratio of 0.23 and outstanding shares of 13.21M.

Company Outlook

CPSH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.41 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.05. CPS Technologies Corporation CPSH also noted assets of $11.61 million at the end of the last quarter. Investors should also keep an eye on sector updates as CPSH has historically followed its peers on positive news.

All told, CPS Technologies Corporation CPSH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CPSH 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.

CPS Technologies Corporation CPSH is now commanding a market cap of 35.09M and a float of 8.06M. CPSH 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 CPSH 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 CPSH, either long or short, and we have not been compensated for this article.

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