47.7 F
New York
Tuesday, November 24, 2020

Personalis Inc. (NASDAQ:PSNL) is Waving the Bull Flag

Must read

Is the Rough Ride Over for RCM Technologies Inc. (RCMT)

RCM Technologies Inc. (RCMT) shares are trading at higher $1.48 and the avg recommendation for the stock is Moderate Buy. To add more color...

Renewed Optimism is Surrounding TAL Education Group (NYSE:TAL)

TAL Education Group (TAL) shares are trading at lower $73.36 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Last Few Sessions Have AcelRx Pharmaceuticals Inc. (ACRX) Soaring

AcelRx Pharmaceuticals Inc. (ACRX) shares are trading at lower $1.46 and the avg recommendation for the stock is Moderate Buy. To add more color...

Will ASE Technology Holding Co. Ltd. (ASX) Find a Support Level Soon?

ASE Technology Holding Co. Ltd. (ASX) shares are trading at higher $5.31 and the avg recommendation for the stock is Strong Buy, while the...

Personalis Inc. (PSNL) shares are trading at higher $24.02 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $22.67.

To add more color to this target, the company’s high over the last year is $23.25 and the low is $4.27. Over the last 52 weeks, PSNL is up 3.31% 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, PSNL reported a profit of $4.67 million. Personalis Inc. also saw revenues increase to $19.5 million. In addition, PSNL has free cash flow of -$24.85 million as of 06-2020. The company’s EBITDA came in at -$8.08 million which compares well with its peers.

PSNL booked profit margins of -43.20%, its Return on Equity (ROE) is -31.10%, and its Return on Assets is -20.80%. All told, it is clear that, PSNL needs to be on your watchlist.

Find out when PSNL 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. PSNL has a short ratio of 2.70 and outstanding shares of 31.73M.

Company Outlook

PSNL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.88 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.02. Personalis Inc. PSNL also noted assets of $145.52 million at the end of the last quarter. Investors should also keep an eye on sector updates as PSNL has historically followed its peers on positive news.

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

Personalis Inc. PSNL is now commanding a market cap of 910.36M and a float of 19.75M. PSNL 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 PSNL 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 PSNL, either long or short, and we have not been compensated for this article.

Latest article

Yelp Inc. (NYSE:YELP) is Waving the Bear Flag

Yelp Inc. (YELP) shares are trading at lower $31.93 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Forecast Just Changed on LiveXLive Media Inc. (NASDAQ:LIVX)

LiveXLive Media Inc. (LIVX) shares are trading at higher $2.24 and the avg recommendation for the stock is Strong Buy. To add more color...

Innoviva Inc. (NASDAQ:INVA) on the Path to Ruin

Innoviva Inc. (INVA) shares are trading at lower $10.69 and the avg recommendation for the stock is Moderate Sell, while the current analyst price...

The Last Few Sessions Have Immunic Inc. (IMUX) Soaring

Immunic Inc. (IMUX) shares are trading at higher $19.86 and the avg recommendation for the stock is Strong Buy. To add more color to...

Expeditors International of Washington Inc. (NASDAQ:EXPD) Stock is Plummeting, Here is Why

Expeditors International of Washington Inc. (EXPD) shares are trading at lower $88.78 and the avg recommendation for the stock is Hold, while the current...