The Synthetic Biologics Inc. (SYN) shares are trading at higher $0.71 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 $0.64 and the low is $0.25. Over the last 52 weeks, SYN is up 11.00% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SYN reported a profit of $38000.0. Synthetic Biologics Inc. also saw revenues increase to $3.03 million. In addition, SYN has free cash flow of -$4.96 million as of 03-2020. The company’s EBITDA came in at -$2.97 million which compares well with its peers.
SYN Return on Assets is -84.10%. All told, it is clear that, SYN 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. SYN has a short ratio of 0.22 and outstanding shares of 18.26M.
SYN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.31 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.93. Synthetic Biologics Inc. SYN also noted assets of $11.89 million at the end of the last quarter. Investors should also keep an eye on sector updates as SYN has historically followed its peers on positive news.
All told, Synthetic Biologics Inc. SYN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SYN 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.
Synthetic Biologics Inc. SYN is now commanding a market cap of 13.36M and a float of 18.13M. SYN 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 SYN 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 SYN, either long or short, and we have not been compensated for this article.