Bio-Path Holdings Inc. (BPTH) shares are trading at higher $5.16.
To add more color to this target, the company’s high over the last year is $13.34 and the low is $2.92. Over the last 52 weeks, BPTH is down -57.88% while the S&P 500 is up 16.12%%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BPTH reported a profit of $3000.0. Bio-Path Holdings Inc. also saw revenues increase to $2.04 million. In addition, BPTH has free cash flow of -$6.01 million as of 06-2020. The company’s EBITDA came in at -$2.01 million which compares well with its peers.
BPTH Return on Equity (ROE) is -56.30%, and its Return on Assets is -51.50%. All told, it is clear that, BPTH 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. BPTH has a short ratio of 0.13 and outstanding shares of 3.69M.
BPTH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.98 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.98. Bio-Path Holdings Inc. BPTH also noted assets of $17.52 million at the end of the last quarter. Investors should also keep an eye on sector updates as BPTH has historically followed its peers on positive news.
All told, Bio-Path Holdings Inc. BPTH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BPTH 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.
Bio-Path Holdings Inc. BPTH is now commanding a market cap of 14.60M and a float of 3.65M. BPTH 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 BPTH 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 BPTH, either long or short, and we have not been compensated for this article.