VirnetX Holding Corp (VHC) shares are trading at higher $5.51.
To add more color to this target, the company’s high over the last year is $7.79 and the low is $2.44. Over the last 52 weeks, VHC is up 22.83% while the S&P 500 is up 21.65%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, VHC reported a profit of $18000.0. VirnetX Holding Corp also saw revenues increase to $18000.0. In addition, VHC has free cash flow of $332.94 million as of 06-2020. The company’s EBITDA came in at -$10.47 million which compares well with its peers.
VHC booked profit margins of 93.30%, its Return on Equity (ROE) is 203.00%, and its Return on Assets is 151.40%. All told, it is clear that, VHC 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. VHC has a short ratio of 14.06 and outstanding shares of 70.92M.
Company Outlook
VHC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.95. VirnetX Holding Corp VHC also noted assets of $283.42 million at the end of the last quarter. Investors should also keep an eye on sector updates as VHC has historically followed its peers on positive news.
All told, VirnetX Holding Corp VHC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VHC 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.
VirnetX Holding Corp VHC is now commanding a market cap of 395.51M and a float of 63.48M. VHC 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 VHC 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 VHC, either long or short, and we have not been compensated for this article.