Marlin Business Services Corp. (MRLN) shares are trading at higher $6.97 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $25.44 and the low is $4.66. Over the last 52 weeks, MRLN is down -67.94% 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, MRLN reported a profit of $21.27 million. Marlin Business Services Corp. also saw revenues increase to $26.7 million. In addition, MRLN has free cash flow of $23.63 million as of 06-2020.
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MRLN booked profit margins of -1.70%, its Return on Equity (ROE) is -1.00%, and its Return on Assets is -0.20%. All told, it is clear that, MRLN 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. MRLN has a short ratio of 1.97 and outstanding shares of 11.76M.
MRLN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 34090.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.20. Investors should also keep an eye on sector updates as MRLN has historically followed its peers on positive news.
All told, Marlin Business Services Corp. MRLN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MRLN 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.
Marlin Business Services Corp. MRLN is now commanding a market cap of 78.97M and a float of 11.12M. MRLN 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 MRLN 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 MRLN, either long or short, and we have not been compensated for this article.