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Friday, September 22, 2023

QAD Inc. (NASDAQ:QADA) Finding Strong Support

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QAD Inc. (QADA) shares are trading at higher $48.14 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $51.00.

To add more color to this target, the company’s high over the last year is $54.54 and the low is $28.21. Over the last 52 weeks, QADA is up 19.69% 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, QADA reported a profit of $41.72 million. QAD Inc. also saw revenues increase to $74.15 million. In addition, QADA has free cash flow of $9.62 million as of 04-2020. The company’s EBITDA came in at $3.35 million which compares well with its peers.

QADA booked profit margins of -5.20%, its Return on Equity (ROE) is -13.80%, and its Return on Assets is -5.40%. All told, it is clear that, QADA 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. QADA has a short ratio of 6.06 and outstanding shares of 20.43M.

Company Outlook

QADA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 65740.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.01. QAD Inc. QADA also noted assets of $286.96 million at the end of the last quarter. Investors should also keep an eye on sector updates as QADA has historically followed its peers on positive news.

All told, QAD Inc. QADA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, QADA 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.

QAD Inc. QADA is now commanding a market cap of 899.74M and a float of 11.54M. QADA 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 QADA 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 QADA, either long or short, and we have not been compensated for this article.

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