62.2 F
New York
Wednesday, September 30, 2020

The Unprecedented Rise of Equillium Inc. (NASDAQ:EQ)

Must read

The Forecast Just Changed on United Parcel Service Inc. (NYSE:UPS)

United Parcel Service Inc. (UPS) shares are trading at lower $168.50 and the avg recommendation for the stock is Moderate Buy, while the current...

Nordic American Tankers Limited (NYSE:NAT) is Holding Steady

Nordic American Tankers Limited (NAT) shares are trading at lower $3.46 and the avg recommendation for the stock is Moderate Buy. To add more...

CHF Solutions Inc. (NASDAQ:CHFS) is Waving the Bull Flag

CHF Solutions Inc. (CHFS) shares are trading at higher $0.30 and the avg recommendation for the stock is Strong Buy. To add more color...

Dominion Energy Inc. (NYSE:D) Recent Earnings Shows Major Promise

Dominion Energy Inc. (D) shares are trading at higher $77.88 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Equillium Inc. (EQ) shares are trading at higher $10.11 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $16.50.

To add more color to this target, the company’s high over the last year is $27.05 and the low is $2.20. Over the last 52 weeks, EQ is down -62.62% 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, EQ reported a profit of $0.27 million. Equillium Inc. also saw revenues increase to $7.45 million. In addition, EQ has free cash flow of -$6.38 million as of 03-2020. The company’s EBITDA came in at -$7.39 million which compares well with its peers.

EQ Return on Equity (ROE) is -60.70%, and its Return on Assets is -48.60%. All told, it is clear that, EQ needs to be on your watchlist.

Find out when EQ 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. EQ has a short ratio of 0.33 and outstanding shares of 17.56M.

Company Outlook

EQ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.53 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.58. Equillium Inc. EQ also noted assets of $49.91 million at the end of the last quarter. Investors should also keep an eye on sector updates as EQ has historically followed its peers on positive news.

All told, Equillium Inc. EQ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EQ 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.

Equillium Inc. EQ is now commanding a market cap of 183.90M and a float of 6.72M. EQ 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 EQ 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 EQ, either long or short, and we have not been compensated for this article.

Latest article

Helix Energy Solutions Group Inc. (NYSE:HLX) is Holding Steady

Helix Energy Solutions Group Inc. (HLX) shares are trading at lower $2.43 and the avg recommendation for the stock is Moderate Buy. To add...

Investor Confidence is Rising for Target Corporation (NYSE:TGT)

Target Corporation (TGT) shares are trading at higher $156.94 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Elanco Animal Health Incorporated (NYSE:ELAN) is Gaining Momentum on Earnings Catalyst

Elanco Animal Health Incorporated (ELAN) shares are trading at lower $26.76 and the avg recommendation for the stock is Moderate Buy, while the current...

The Rejuvenation of Cronos Group Inc. (NASDAQ:CRON)

Cronos Group Inc. (CRON) shares are trading at higher $5.05. To add more color to this target, the company’s high over the last year...

F.N.B. Corporation (NYSE:FNB) Recent Earnings Shows Major Concern

F.N.B. Corporation (FNB) shares are trading at lower $6.73 and the avg recommendation for the stock is Strong Buy, while the current analyst price...