Investcorp Credit Management BDC Inc. (ICMB) shares are trading at higher $3.45 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 $7.65 and the low is $1.37. Over the last 52 weeks, ICMB is down -54.87% 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, ICMB reported a profit of $3.44 million. Investcorp Credit Management BDC Inc. also saw revenues increase to $8.83 million. In addition, ICMB has free cash flow of -$3.57 million as of 03-2020. The company’s EBITDA came in at $6.17 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. ICMB has a short ratio of 0.39 and outstanding shares of 13.89M.
ICMB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 26400.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.33. Investors should also keep an eye on sector updates as ICMB has historically followed its peers on positive news.
All told, Investcorp Credit Management BDC Inc. ICMB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ICMB 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.
Investcorp Credit Management BDC Inc. ICMB is now commanding a market cap of 47.90M. ICMB 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 ICMB 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 ICMB, either long or short, and we have not been compensated for this article.