Biofrontera AG (BFRA) shares are trading at higher $8.78 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 $54.94 and the low is $5.26. Over the last 52 weeks, BFRA is down -33.36% while the S&P 500 is up 10.88%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BFRA reported a profit of $6.26 million. Biofrontera AG also saw revenues increase to $7.14 million. In addition, BFRA has free cash flow of $0.0 as of 03-2020. The company’s EBITDA came in at -$7.25 million which compares well with its peers.
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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. BFRA has a short ratio of 0.09 and outstanding shares of 22.42M.
Company Outlook
BFRA has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.76. Biofrontera AG BFRA also noted assets of $55.66 million at the end of the last quarter. Investors should also keep an eye on sector updates as BFRA has historically followed its peers on positive news.
All told, Biofrontera AG BFRA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BFRA 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.
Biofrontera AG BFRA is now commanding a market cap of 196.89M and a float of 11.48M. BFRA 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 BFRA 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 BFRA, either long or short, and we have not been compensated for this article.