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Saturday, September 26, 2020

Is Now the Time to Invest in Oxbridge Re Holdings Limited (NASDAQ:OXBR)?

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The Oxbridge Re Holdings Limited (OXBR) shares are trading at lower $1.17 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 $3.89 and the low is $0.70. Over the last 52 weeks, OXBR is down -69.92% 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, OXBR reported a profit of $-0.3 million. Oxbridge Re Holdings Limited also saw revenues decrease to $23000.0. In addition, OXBR has free cash flow of $4000.0 as of 03-2020. The company’s EBITDA came in at -$0.3 million which compares well with its peers.

OXBR booked profit margins of -48.20%, its Return on Equity (ROE) is -6.60%, and its Return on Assets is -5.50%. All told, it is clear that, OXBR 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. OXBR has a short ratio of 0.04 and outstanding shares of 5.73M.

Company Outlook

OXBR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.09. Investors should also keep an eye on sector updates as OXBR has historically followed its peers on positive news.

All told, Oxbridge Re Holdings Limited OXBR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OXBR 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.

Oxbridge Re Holdings Limited OXBR is now commanding a market cap of 6.94M and a float of 2.69M. OXBR 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 OXBR 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 OXBR, either long or short, and we have not been compensated for this article.

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