AstroNova Inc. (ALOT) shares are trading at higher $7.61 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 $23.28 and the low is $5.29. Over the last 52 weeks, ALOT is down -67.31% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ALOT reported a profit of $10.86 million. AstroNova Inc. also saw revenues increase to $30.92 million. In addition, ALOT has free cash flow of $2.79 million as of 04-2020. The company’s EBITDA came in at $2.24 million which compares well with its peers.
ALOT booked profit margins of 0.40%, its Return on Equity (ROE) is 0.70%, and its Return on Assets is 0.40%. All told, it is clear that, ALOT 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. ALOT has a short ratio of 1.67 and outstanding shares of 7.07M.
ALOT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8800.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.06. AstroNova Inc. ALOT also noted assets of $120.0 million at the end of the last quarter. Investors should also keep an eye on sector updates as ALOT has historically followed its peers on positive news.
All told, AstroNova Inc. ALOT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ALOT 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.
AstroNova Inc. ALOT is now commanding a market cap of 55.32M and a float of 6.69M. ALOT 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 ALOT 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 ALOT, either long or short, and we have not been compensated for this article.