The Apex Global Brands Inc. (APEX) shares are trading at higher $0.69.
To add more color to this target, the company’s high over the last year is $2.37 and the low is $0.26. Over the last 52 weeks, APEX is down -71.05% 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, APEX reported a profit of $13.05 million. Apex Global Brands Inc. also saw revenues increase to $4.03 million. In addition, APEX has free cash flow of $75000.0 as of 04-2020. The company’s EBITDA came in at $1.57 million which compares well with its peers.
APEX booked profit margins of -55.40%, its Return on Equity (ROE) is -165.60%, and its Return on Assets is -12.80%. All told, it is clear that, APEX 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. APEX has a short ratio of 0.07 and outstanding shares of 5.57M.
APEX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.79 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.01. Apex Global Brands Inc. APEX also noted assets of $79.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as APEX has historically followed its peers on positive news.
All told, Apex Global Brands Inc. APEX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, APEX 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.
Apex Global Brands Inc. APEX is now commanding a market cap of 3.85M and a float of 4.65M. APEX 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 APEX 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 APEX, either long or short, and we have not been compensated for this article.