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Wednesday, September 30, 2020

Pareteum Corporation (NASDAQ:TEUM) on the Path to Ruin

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The Pareteum Corporation (TEUM) shares are trading at lower $0.77 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $3.24 and the low is $0.29. Over the last 52 weeks, TEUM is down -76.23% while the S&P 500 is down -0.83%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TEUM reported a profit of $18.86 million. Pareteum Corporation also saw revenues increase to $34.15 million. In addition, TEUM has free cash flow of -$12.09 million as of 06-2019. The company’s EBITDA came in at $3.48 million which compares well with its peers.

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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. TEUM has a short ratio of 5.74 and outstanding shares of 138.82M.

Company Outlook

TEUM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.12 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.20. Pareteum Corporation TEUM also noted assets of $246.87 million at the end of the last quarter. Investors should also keep an eye on sector updates as TEUM has historically followed its peers on positive news.

All told, Pareteum Corporation TEUM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TEUM 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.

Pareteum Corporation TEUM is now commanding a market cap of 106.89M and a float of 103.28M. TEUM 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 TEUM 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 TEUM, either long or short, and we have not been compensated for this article.

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