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Monday, September 21, 2020

The Rejuvenation of Intec Pharma Ltd. (NASDAQ:NTEC)

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The Intec Pharma Ltd. (NTEC) shares are trading at lower $0.44 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $1.56 and the low is $0.13. Over the last 52 weeks, NTEC is down -71.70% 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, NTEC reported a profit of $70000.0. Intec Pharma Ltd. also saw revenues increase to $3.74 million. In addition, NTEC has free cash flow of -$5.15 million as of 03-2020. The company’s EBITDA came in at -$3.43 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. NTEC has a short ratio of 0.16 and outstanding shares of 69.27M.

Company Outlook

NTEC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 31.55 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.10. Intec Pharma Ltd. NTEC also noted assets of $20.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as NTEC has historically followed its peers on positive news.

All told, Intec Pharma Ltd. NTEC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NTEC 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.

Intec Pharma Ltd. NTEC is now commanding a market cap of 30.58M and a float of 56.40M. NTEC 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 NTEC 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 NTEC, either long or short, and we have not been compensated for this article.

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