Guardion Health Sciences Inc. (GHSI) shares are trading at lower $0.23.
To add more color to this target, the company’s high over the last year is $0.95 and the low is $0.17. Over the last 52 weeks, GHSI is down -9.41% while the S&P 500 is up 14.94%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GHSI reported a profit of $0.55 million. Guardion Health Sciences Inc. also saw revenues increase to $1.19 million. In addition, GHSI has free cash flow of -$4.06 million as of 06-2020. The company’s EBITDA came in at -$0.65 million which compares well with its peers.
GHSI Return on Equity (ROE) is -81.70%, and its Return on Assets is -74.30%. All told, it is clear that, GHSI 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. GHSI has a short ratio of 0.46 and outstanding shares of 86.57M.
GHSI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.64 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.17. Guardion Health Sciences Inc. GHSI also noted assets of $14.03 million at the end of the last quarter. Investors should also keep an eye on sector updates as GHSI has historically followed its peers on positive news.
All told, Guardion Health Sciences Inc. GHSI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GHSI 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.
Guardion Health Sciences Inc. GHSI is now commanding a market cap of 22.12M and a float of 81.77M. GHSI 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 GHSI 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 GHSI, either long or short, and we have not been compensated for this article.