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Saturday, September 26, 2020

Dolphin Entertainment Inc. (NASDAQ:DLPN) Recent Earnings Shows Major Promise

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The Dolphin Entertainment Inc. (DLPN) shares are trading at higher $1.05 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $2.49 and the low is $0.33. Over the last 52 weeks, DLPN is down -57.83% while the S&P 500 is up 0.30%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DLPN reported a profit of $5.95 million. Dolphin Entertainment Inc. also saw revenues increase to $6.63 million. In addition, DLPN has free cash flow of -$0.36 million as of 03-2020. The company’s EBITDA came in at $76000.0 which compares well with its peers.

DLPN booked profit margins of 1.80%, its Return on Equity (ROE) is 4.70%, and its Return on Assets is 1.10%. All told, it is clear that, DLPN 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. DLPN has a short ratio of 0.21 and outstanding shares of 31.69M.

Company Outlook

DLPN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.27 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.03. Dolphin Entertainment Inc. DLPN also noted assets of $41.19 million at the end of the last quarter. Investors should also keep an eye on sector updates as DLPN has historically followed its peers on positive news.

All told, Dolphin Entertainment Inc. DLPN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DLPN 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.

Dolphin Entertainment Inc. DLPN is now commanding a market cap of 33.28M and a float of 23.71M. DLPN 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 DLPN 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 DLPN, either long or short, and we have not been compensated for this article.

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