CohBar Inc. (CWBR) shares are trading at lower $0.97.
To add more color to this target, the company’s high over the last year is $4.25 and the low is $0.87. Over the last 52 weeks, CWBR is down -34.90% while the S&P 500 is up 21.16%%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CWBR reported a profit of $78000.0. CohBar Inc. also saw revenues increase to $2.94 million. In addition, CWBR has free cash flow of -$4.8 million as of 06-2020. The company’s EBITDA came in at -$2.8 million which compares well with its peers.
CWBR Return on Equity (ROE) is -189.40%, and its Return on Assets is -114.70%. All told, it is clear that, CWBR 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. CWBR has a short ratio of 1.48 and outstanding shares of 43.34M.
CWBR 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 -0.36. CohBar Inc. CWBR also noted assets of $13.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as CWBR has historically followed its peers on positive news.
All told, CohBar Inc. CWBR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CWBR 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.
CohBar Inc. CWBR is now commanding a market cap of 43.65M and a float of 31.62M. CWBR 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 CWBR 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 CWBR, either long or short, and we have not been compensated for this article.