Digimarc Corporation (DMRC) shares are trading at higher $15.45 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $13.00.
To add more color to this target, the company’s high over the last year is $46.34 and the low is $9.92. Over the last 52 weeks, DMRC is down -60.58% 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, DMRC reported a profit of $4.38 million. Digimarc Corporation also saw revenues increase to $6.5 million. In addition, DMRC has free cash flow of -$10.63 million as of 06-2020. The company’s EBITDA came in at -$6.94 million which compares well with its peers.
DMRC Return on Equity (ROE) is -70.90%, and its Return on Assets is -59.40%. All told, it is clear that, DMRC 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. DMRC has a short ratio of 18.07 and outstanding shares of 12.11M.
DMRC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 65530.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.73. Digimarc Corporation DMRC also noted assets of $49.59 million at the end of the last quarter. Investors should also keep an eye on sector updates as DMRC has historically followed its peers on positive news.
All told, Digimarc Corporation DMRC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DMRC 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.
Digimarc Corporation DMRC is now commanding a market cap of 183.85M and a float of 11.60M. DMRC 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 DMRC 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 DMRC, either long or short, and we have not been compensated for this article.