67.7 F
New York
Tuesday, September 29, 2020

CorMedix Inc. (AMEX:CRMD) on the Path to Ruin

Must read

The Forecast Just Changed on Evolent Health Inc. (NYSE:EVH)

Evolent Health Inc. (EVH) shares are trading at higher $12.12 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

United Natural Foods Inc. (NYSE:UNFI) is Holding Steady

United Natural Foods Inc. (UNFI) shares are trading at higher $17.91 and the avg recommendation for the stock is Moderate Buy, while the current...

Energy Fuels Inc. (AMEX:UUUU) is Waving the Bull Flag

Energy Fuels Inc. (UUUU) shares are trading at higher $1.65 and the avg recommendation for the stock is Moderate Buy. To add more color...

Ashford Hospitality Trust Inc. (NYSE:AHT) Recent Earnings Shows Major Promise

Ashford Hospitality Trust Inc. (AHT) shares are trading at higher $1.55 and the avg recommendation for the stock is Moderate Buy. To add more...

The CorMedix Inc. (CRMD) shares are trading at lower $4.73 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $9.93 and the low is $2.16. Over the last 52 weeks, CRMD is down -52.37% 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, CRMD reported a profit of $26000.0. CorMedix Inc. also saw revenues increase to $74000.0. In addition, CRMD has free cash flow of -$7.98 million as of 03-2020. The company’s EBITDA came in at -$5.59 million which compares well with its peers.

CRMD Return on Equity (ROE) is -194.30%, and its Return on Assets is -148.70%. All told, it is clear that, CRMD needs to be on your watchlist.

Find out when CRMD reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

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. CRMD has a short ratio of 16.65 and outstanding shares of 26.06M.

Company Outlook

CRMD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.2 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.80. CorMedix Inc. CRMD also noted assets of $27.4 million at the end of the last quarter. Investors should also keep an eye on sector updates as CRMD has historically followed its peers on positive news.

All told, CorMedix Inc. CRMD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CRMD 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.

CorMedix Inc. CRMD is now commanding a market cap of 123.59M and a float of 25.57M. CRMD 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 CRMD 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 CRMD, either long or short, and we have not been compensated for this article.

Latest article

A Psychedelic Rally for Mind Medicine Inc (OTCMKTS:MMEDF)

Mind Medicine (MindMed) Inc (OTCMKTS:MMEDF) has made some significant moves over the past few days. MMEDF soared by as much as 40%...

The Forecast Just Changed on Enservco Corporation (AMEX:ENSV)

Enservco Corporation (ENSV) shares are trading at higher $0.16 and the avg recommendation for the stock is Moderate Buy. To add more color to...

Ambow Education Holding Ltd. (AMEX:AMBO) on the Path to Profitability

Ambow Education Holding Ltd. (AMBO) shares are trading at higher $4.09. To add more color to this target, the company’s high over the last...

Is Now the Time to Invest in Peloton Interactive Inc. (NASDAQ:PTON)?

Peloton Interactive Inc. (PTON) shares are trading at lower $96.91 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Devon Energy Corporation (NYSE:DVN) Stock is Soaring, Here is Why

Devon Energy Corporation (DVN) shares are trading at higher $9.80 and the avg recommendation for the stock is Moderate Buy. To add more color...