59.5 F
New York
Tuesday, December 1, 2020

The Forecast Just Changed on Verrica Pharmaceuticals Inc. (NASDAQ:VRCA)

Must read

British American Tobacco p.l.c. (NYSE:BTI) Recent Earnings Shows Major Promise

British American Tobacco p.l.c. (BTI) shares are trading at higher $35.85 and the avg recommendation for the stock is Strong Buy, while the current...

The Alkaline Water Company Inc. (NASDAQ:WTER) is Waving the Bull Flag

The Alkaline Water Company Inc. (WTER) shares are trading at higher $1.19 and the avg recommendation for the stock is Moderate Buy. To add...

Pennsylvania Real Estate Investment Trust (NYSE:PEI) is Gaining Momentum on Earnings Catalyst

Pennsylvania Real Estate Investment Trust (PEI) shares are trading at higher $1.14 and the avg recommendation for the stock is Hold, while the current...

Daqo New Energy Corp. (NYSE:DQ) Stock is Soaring, Here is Why

Daqo New Energy Corp. (DQ) shares are trading at higher $45.26 and the avg recommendation for the stock is Strong Buy, while the current...

Verrica Pharmaceuticals Inc. (VRCA) shares are trading at higher $8.56 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 $18.67 and the low is $6.02. Over the last 52 weeks, VRCA is down -54.15% 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, VRCA reported a profit of $0.9 million. Verrica Pharmaceuticals Inc. also saw revenues increase to $8.63 million. In addition, VRCA has free cash flow of -$17.32 million as of 06-2020. The company’s EBITDA came in at -$8.57 million which compares well with its peers.

VRCA Return on Equity (ROE) is -54.50%, and its Return on Assets is -40.40%. All told, it is clear that, VRCA needs to be on your watchlist.

Find out when VRCA 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. VRCA has a short ratio of 10.70 and outstanding shares of 24.97M.

Company Outlook

VRCA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.3 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.32. Verrica Pharmaceuticals Inc. VRCA also noted assets of $87.24 million at the end of the last quarter. Investors should also keep an eye on sector updates as VRCA has historically followed its peers on positive news.

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

Verrica Pharmaceuticals Inc. VRCA is now commanding a market cap of 211.60M and a float of 9.85M. VRCA 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 VRCA 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 VRCA, either long or short, and we have not been compensated for this article.

Latest article

ToughBuilt Industries Inc. (NASDAQ:TBLT) Stock is Soaring, Here is Why

ToughBuilt Industries Inc. (TBLT) shares are trading at higher $0.83 and the avg recommendation for the stock is Moderate Buy. To add more color...

3M Company (MMM)’s Stock is Jumping, Here is Why

3M Company (MMM) shares are trading at lower $176.89 and the avg recommendation for the stock is Hold, while the current analyst price target...

Can We Expect More Volatility From Novo Nordisk A/S (NVO)?

Novo Nordisk A/S (NVO) shares are trading at higher $67.54 and the avg recommendation for the stock is Hold, while the current analyst price...

When Will Urban One Inc. (UONEK) Slow Down

Urban One Inc. (UONEK) shares are trading at higher $1.41. To add more color to this target, the company’s high over the last year...

Nordic American Tankers Limited (NYSE:NAT) is Gaining Momentum on Earnings Catalyst

Nordic American Tankers Limited (NAT) shares are trading at lower $3.32 and the avg recommendation for the stock is Moderate Buy. To add more...