60.7 F
New York
Wednesday, September 30, 2020

The Forecast Just Changed on Infinity Pharmaceuticals Inc. (NASDAQ:INFI)

Must read

Renewed Optimism is Surrounding AstraZeneca PLC (NYSE:AZN)

AstraZeneca PLC (AZN) shares are trading at higher $55.11 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

The Rejuvenation of Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. (PM) shares are trading at lower $74.34 and the avg recommendation for the stock is Moderate Buy, while the current...

Is Now the Time to Invest in Valero Energy Corporation (NYSE:VLO)?

Valero Energy Corporation (VLO) shares are trading at lower $43.41 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Intercontinental Exchange Inc. (NYSE:ICE) is Gaining Momentum on Earnings Catalyst

Intercontinental Exchange Inc. (ICE) shares are trading at lower $99.17 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Infinity Pharmaceuticals Inc. (INFI) shares are trading at higher $1.17 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 $1.68 and the low is $0.60. Over the last 52 weeks, INFI is down -30.36% 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, INFI reported a profit of $9.28 million. Infinity Pharmaceuticals Inc. also saw revenues increase to $0.36 million. In addition, INFI has free cash flow of -$19.39 million as of 06-2020. The company’s EBITDA came in at -$8.8 million which compares well with its peers.

INFI Return on Assets is -80.70%. All told, it is clear that, INFI needs to be on your watchlist.

Find out when INFI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

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. INFI has a short ratio of 0.10 and outstanding shares of 57.44M.

Company Outlook

INFI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.59 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. Infinity Pharmaceuticals Inc. INFI also noted assets of $48.66 million at the end of the last quarter. Investors should also keep an eye on sector updates as INFI has historically followed its peers on positive news.

All told, Infinity Pharmaceuticals Inc. INFI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, INFI 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.

Infinity Pharmaceuticals Inc. INFI is now commanding a market cap of 68.53M and a float of 55.29M. INFI 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 INFI 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 INFI, either long or short, and we have not been compensated for this article.

Latest article

The Forecast Just Changed on Gogo Inc. (NASDAQ:GOGO)

Gogo Inc. (GOGO) shares are trading at higher $9.81 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Titan Pharmaceuticals Inc. (NASDAQ:TTNP) on the Path to Ruin

Titan Pharmaceuticals Inc. (TTNP) shares are trading at lower $0.17 and the avg recommendation for the stock is Moderate Buy. To add more color...

Is Now the Time to Invest in Spartan Energy Acquisition Corp. (NYSE:SPAQ)?

Spartan Energy Acquisition Corp. (SPAQ) shares are trading at higher $14.43. To add more color to this target, the company’s high over the last...

Recon Technology Ltd. (NASDAQ:RCON) Stock is Soaring, Here is Why

Recon Technology Ltd. (RCON) shares are trading at higher $1.01 and the avg recommendation for the stock is Hold. To add more color to...

Pure Storage Inc. (NYSE:PSTG) is Holding Steady

Pure Storage Inc. (PSTG) shares are trading at higher $15.68 and the avg recommendation for the stock is Moderate Buy, while the current analyst...