43.7 F
New York
Tuesday, November 24, 2020

Inovio Pharmaceuticals Inc. (NASDAQ:INO) Recent Earnings Shows Major Promise

Must read

PPL Corporation (NYSE:PPL) Finding Zero Support

PPL Corporation (PPL) shares are trading at lower $29.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

PepsiCo Inc. (NASDAQ:PEP) is Gaining Momentum on Earnings Catalyst

PepsiCo Inc. (PEP) shares are trading at higher $143.42 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Gerdau S.A. (NYSE:GGB) on the Path to Ruin

Gerdau S.A. (GGB) shares are trading at lower $3.98 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Can We Expect More Volatility From Sabre Corporation (SABR)?

Sabre Corporation (SABR) shares are trading at lower $10.00 and the avg recommendation for the stock is Hold, while the current analyst price target...

Inovio Pharmaceuticals Inc. (INO) shares are trading at higher $14.47 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $19.00.

To add more color to this target, the company’s high over the last year is $33.79 and the low is $1.91. Over the last 52 weeks, INO is down -57.18% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, INO reported a profit of $33.45 million. Inovio Pharmaceuticals Inc. also saw revenues increase to $0.27 million. In addition, INO has free cash flow of -$52.78 million as of 06-2020. The company’s EBITDA came in at -$32.52 million which compares well with its peers.

INO Return on Equity (ROE) is -217.80%, and its Return on Assets is -82.40%. All told, it is clear that, INO needs to be on your watchlist.

Find out when INO 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. INO has a short ratio of 1.12 and outstanding shares of 167.52M.

Company Outlook

INO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 22.51 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.70. Inovio Pharmaceuticals Inc. INO also noted assets of $443.19 million at the end of the last quarter. Investors should also keep an eye on sector updates as INO has historically followed its peers on positive news.

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

Inovio Pharmaceuticals Inc. INO is now commanding a market cap of 2.36B and a float of 163.97M. INO 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 INO 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 INO, either long or short, and we have not been compensated for this article.

Latest article

Lithium Americas Corp. (NYSE:LAC) on the Path to Ruin

Lithium Americas Corp. (LAC) shares are trading at lower $10.34. To add more color to this target, the company’s high over the last year...

The Last Few Sessions Have Cars.com LLC (CARS) Soaring

Cars.com LLC (CARS) shares are trading at higher $10.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Antero Midstream Corporation (NYSE:AM) Stock is Plummeting, Here is Why

Antero Midstream Corporation (AM) shares are trading at lower $6.40 and the avg recommendation for the stock is Hold, while the current analyst price...

Valero Energy Corporation (VLO)’s Stock is Jumping, Here is Why

Valero Energy Corporation (VLO) shares are trading at lower $50.82 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Just Energy Group Inc. (JE)?

Just Energy Group Inc. (JE) shares are trading at higher $4.93 and the avg recommendation for the stock is Strong Buy, while the current...