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Monday, September 21, 2020

Aeterna Zentaris Inc. (NASDAQ:AEZS) is Holding Steady

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The Aeterna Zentaris Inc. (AEZS) shares are trading at lower $0.48.

To add more color to this target, the company’s high over the last year is $2.57 and the low is $0.37. Over the last 52 weeks, AEZS is down -81.36% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AEZS reported a profit of $0.23 million. Aeterna Zentaris Inc. also saw revenues increase to $1.09 million. In addition, AEZS has free cash flow of -$2.44 million as of 03-2020. The company’s EBITDA came in at -$1.19 million which compares well with its peers.

AEZS booked profit margins of -22.20%, its Return on Equity (ROE) is 23.50%, and its Return on Assets is -1.70%. All told, it is clear that, AEZS 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. AEZS has a short ratio of 0.06 and outstanding shares of 21.52M.

Company Outlook

AEZS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.02. Aeterna Zentaris Inc. AEZS also noted assets of $19.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as AEZS has historically followed its peers on positive news.

All told, Aeterna Zentaris Inc. AEZS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AEZS 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.

Aeterna Zentaris Inc. AEZS is now commanding a market cap of 11.98M and a float of 19.66M. AEZS 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 AEZS 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 AEZS, either long or short, and we have not been compensated for this article.

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