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Wednesday, November 25, 2020

The Forecast Just Changed on Epizyme Inc. (NASDAQ:EPZM)

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Epizyme Inc. (EPZM) shares are trading at higher $12.64 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $27.82 and the low is $9.73. Over the last 52 weeks, EPZM is down -54.57% 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, EPZM reported a profit of $1.45 million. Epizyme Inc. also saw revenues increase to $2.47 million. In addition, EPZM has free cash flow of -$111.03 million as of 06-2020. The company’s EBITDA came in at -$56.72 million which compares well with its peers.

EPZM Return on Equity (ROE) is -72.70%, and its Return on Assets is -49.30%. All told, it is clear that, EPZM 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. EPZM has a short ratio of 8.98 and outstanding shares of 101.10M.

Company Outlook

EPZM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.08. Epizyme Inc. EPZM also noted assets of $427.38 million at the end of the last quarter. Investors should also keep an eye on sector updates as EPZM has historically followed its peers on positive news.

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

Epizyme Inc. EPZM is now commanding a market cap of 1.29B and a float of 83.89M. EPZM 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 EPZM 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 EPZM, either long or short, and we have not been compensated for this article.

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