Collier Creek Holdings (CCH) shares are trading at higher $16.34.
To add more color to this target, the company’s high over the last year is $17.00 and the low is $9.84. Over the last 52 weeks, CCH is up 62.10% while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CCH reported a profit of $0.17 million. Collier Creek Holdings also saw revenues increase to $0.56 million. In addition, CCH has free cash flow of -$0.27 million as of 06-2020. The company’s EBITDA came in at -$0.56 million which compares well with its peers.
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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. CCH has a short ratio of 0.38 and outstanding shares of 44.00M.
Company Outlook
CCH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.2 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.06. Collier Creek Holdings CCH also noted assets of $453.0 million at the end of the last quarter. Investors should also keep an eye on sector updates as CCH has historically followed its peers on positive news.
All told, Collier Creek Holdings CCH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CCH 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.
Collier Creek Holdings CCH is now commanding a market cap of 718.96M and a float of 41.10M. CCH 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 CCH 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 CCH, either long or short, and we have not been compensated for this article.