ATIF Holdings Limited (ATIF) shares are trading at lower $1.24.
To add more color to this target, the company’s high over the last year is $3.75 and the low is $1.27. Over the last 52 weeks, ATIF is down -61.25% while the S&P 500 is up 20.39%%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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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. ATIF has a short ratio of 0.07 and outstanding shares of 47.01M.
ATIF has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.10. ATIF Holdings Limited ATIF also noted assets of $10.16 million at the end of the last quarter. Investors should also keep an eye on sector updates as ATIF has historically followed its peers on positive news.
All told, ATIF Holdings Limited ATIF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATIF 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.
ATIF Holdings Limited ATIF is now commanding a market cap of 58.30M and a float of 8.75M. ATIF 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 ATIF 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 ATIF, either long or short, and we have not been compensated for this article.