42.4 F
New York
Tuesday, November 24, 2020

EyePoint Pharmaceuticals Inc. (NASDAQ:EYPT) Finding Strong Support

Must read

Is the Rough Ride Over for Seanergy Maritime Holdings Corp. (SHIP)

Seanergy Maritime Holdings Corp. (SHIP) shares are trading at higher $0.44 and the avg recommendation for the stock is Hold. To add more color...

Renewed Optimism is Surrounding Sealed Air Corporation (NYSE:SEE)

Sealed Air Corporation (SEE) shares are trading at higher $45.20 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Last Few Sessions Have SLM Corporation (SLM) Soaring

SLM Corporation (SLM) shares are trading at lower $10.76 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

When Will Heat Biologics Inc. (HTBX) Slow Down

Heat Biologics Inc. (HTBX) shares are trading at lower $1.01 and the avg recommendation for the stock is Moderate Buy. To add more color...

EyePoint Pharmaceuticals Inc. (EYPT) shares are trading at higher $0.57 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 $2.69 and the low is $0.51. Over the last 52 weeks, EYPT is down -78.62% while the S&P 500 is up 0.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EYPT reported a profit of $3.62 million. EyePoint Pharmaceuticals Inc. also saw revenues increase to $4.12 million. In addition, EYPT has free cash flow of -$21.51 million as of 06-2020. The company’s EBITDA came in at -$10.3 million which compares well with its peers.

EYPT Return on Equity (ROE) is -464.60%, and its Return on Assets is -69.10%. All told, it is clear that, EYPT needs to be on your watchlist.

Find out when EYPT 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. EYPT has a short ratio of 2.17 and outstanding shares of 124.77M.

Company Outlook

EYPT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.72 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.46. EyePoint Pharmaceuticals Inc. EYPT also noted assets of $69.69 million at the end of the last quarter. Investors should also keep an eye on sector updates as EYPT has historically followed its peers on positive news.

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

EyePoint Pharmaceuticals Inc. EYPT is now commanding a market cap of 71.36M and a float of 123.93M. EYPT 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 EYPT 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 EYPT, 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...