The DarioHealth Corp. (DRIO) shares are trading at higher $12.40 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $9.63.
To add more color to this target, the company’s high over the last year is $13.13 and the low is $3.02. Over the last 52 weeks, DRIO is down -5.53% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, DRIO reported a profit of $0.78 million. DarioHealth Corp. also saw revenues increase to $1.67 million. In addition, DRIO has free cash flow of -$4.57 million as of 03-2020. The company’s EBITDA came in at -$10.07 million which compares well with its peers.
DRIO Return on Equity (ROE) is -240.80%, and its Return on Assets is -162.90%. All told, it is clear that, DRIO 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. DRIO has a short ratio of 0.16 and outstanding shares of 3.09M.
DRIO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -11.56. DarioHealth Corp. DRIO also noted assets of $20.03 million at the end of the last quarter. Investors should also keep an eye on sector updates as DRIO has historically followed its peers on positive news.
All told, DarioHealth Corp. DRIO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DRIO 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.
DarioHealth Corp. DRIO is now commanding a market cap of 30.63M and a float of 2.55M. DRIO 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 DRIO 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 DRIO, either long or short, and we have not been compensated for this article.