Sesen Bio Inc. (SESN) shares are trading at higher $1.35 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $1.54 and the low is $0.37. Over the last 52 weeks, SESN is up 14.41% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
SESN Return on Assets is -29.10%. All told, it is clear that, SESN 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. SESN has a short ratio of 0.53 and outstanding shares of 117.17M.
SESN 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 -0.32. Sesen Bio Inc. SESN also noted assets of $101.21 million at the end of the last quarter. Investors should also keep an eye on sector updates as SESN has historically followed its peers on positive news.
All told, Sesen Bio Inc. SESN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SESN 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.
Sesen Bio Inc. SESN is now commanding a market cap of 167.91M and a float of 113.10M. SESN 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 SESN 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 SESN, either long or short, and we have not been compensated for this article.