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Tuesday, September 29, 2020

Seelos Therapeutics Inc. (NASDAQ:SEEL) is Waving the Bull Flag

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The Seelos Therapeutics Inc. (SEEL) shares are trading at higher $1.25 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 $1.98 and the low is $0.42. Over the last 52 weeks, SEEL is down -36.87% 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

SEEL Return on Equity (ROE) is -373.30%, and its Return on Assets is -159.00%. All told, it is clear that, SEEL 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. SEEL has a short ratio of 0.39 and outstanding shares of 44.95M.

Company Outlook

SEEL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.6 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.76. Investors should also keep an eye on sector updates as SEEL has historically followed its peers on positive news.

All told, Seelos Therapeutics Inc. SEEL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SEEL 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.

Seelos Therapeutics Inc. SEEL is now commanding a market cap of 61.76M and a float of 37.93M. SEEL 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 SEEL 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 SEEL, either long or short, and we have not been compensated for this article.

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