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Thursday, December 3, 2020

Investor Confidence is Rising for Xtant Medical Holdings Inc. (AMEX:XTNT)

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Xtant Medical Holdings Inc. (XTNT) shares are trading at higher $1.04 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $1.00.

To add more color to this target, the company’s high over the last year is $3.50 and the low is $0.55. Over the last 52 weeks, XTNT is down -63.64% 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

In the last quarter, XTNT reported a profit of $6.55 million. Xtant Medical Holdings Inc. also saw revenues increase to $10.53 million. In addition, XTNT has free cash flow of -$2.25 million as of 06-2020. The company’s EBITDA came in at $81000.0 which compares well with its peers.

XTNT booked profit margins of -14.60%, its Return on Equity (ROE) is 18.70%, and its Return on Assets is -19.80%. All told, it is clear that, XTNT 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. XTNT has a short ratio of 0.02 and outstanding shares of 13.22M.

Company Outlook

XTNT 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 -0.64. Xtant Medical Holdings Inc. XTNT also noted assets of $41.67 million at the end of the last quarter. Investors should also keep an eye on sector updates as XTNT has historically followed its peers on positive news.

All told, Xtant Medical Holdings Inc. XTNT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, XTNT 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.

Xtant Medical Holdings Inc. XTNT is now commanding a market cap of 13.92M and a float of 12.19M. XTNT 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 XTNT 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 XTNT, either long or short, and we have not been compensated for this article.

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