62.7 F
New York
Saturday, October 24, 2020

The Forecast Just Changed on BioDelivery Sciences International Inc. (NASDAQ:BDSI)

Must read

Renewed Optimism is Surrounding McDonald’s Corporation (NYSE:MCD)

McDonald's Corporation (MCD) shares are trading at higher $229.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Is Now the Time to Invest in Aeglea BioTherapeutics Inc. (NASDAQ:AGLE)?

Aeglea BioTherapeutics Inc. (AGLE) shares are trading at higher $8.03 and the avg recommendation for the stock is Moderate Buy. To add more color...

Alteryx Inc. (NYSE:AYX) is Gaining Momentum on Earnings Catalyst

Alteryx Inc. (AYX) shares are trading at lower $136.30 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Nutanix Inc. (NASDAQ:NTNX) on the Path to Profitability

Nutanix Inc. (NTNX) shares are trading at higher $25.05 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

BioDelivery Sciences International Inc. (BDSI) shares are trading at higher $3.83 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 $7.21 and the low is $2.85. Over the last 52 weeks, BDSI is down -19.37% 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

In the last quarter, BDSI reported a profit of $31.15 million. BioDelivery Sciences International Inc. also saw revenues increase to $36.58 million. In addition, BDSI has free cash flow of $4.99 million as of 06-2020. The company’s EBITDA came in at $5.09 million which compares well with its peers.

BDSI booked profit margins of 4.20%, its Return on Equity (ROE) is 7.70%, and its Return on Assets is 3.00%. All told, it is clear that, BDSI needs to be on your watchlist.

Find out when BDSI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

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. BDSI has a short ratio of 3.59 and outstanding shares of 100.14M.

Company Outlook

BDSI 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 0.05. BioDelivery Sciences International Inc. BDSI also noted assets of $220.07 million at the end of the last quarter. Investors should also keep an eye on sector updates as BDSI has historically followed its peers on positive news.

All told, BioDelivery Sciences International Inc. BDSI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BDSI 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.

BioDelivery Sciences International Inc. BDSI is now commanding a market cap of 384.61M and a float of 98.52M. BDSI 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 BDSI 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 BDSI, either long or short, and we have not been compensated for this article.

Latest article

Genpact Limited (NYSE:G) Stock is Soaring, Here is Why

Genpact Limited (G) shares are trading at higher $36.98 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Microchip Technology Incorporated (NASDAQ:MCHP) is Holding Steady

Microchip Technology Incorporated (MCHP) shares are trading at higher $112.52 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Rising for Sysco Corporation (NYSE:SYY)

Sysco Corporation (SYY) shares are trading at higher $65.21 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Agenus Inc. (NASDAQ:AGEN) is Gaining Momentum on Earnings Catalyst

Agenus Inc. (AGEN) shares are trading at higher $4.08 and the avg recommendation for the stock is Strong Buy. To add more color to...

The Rejuvenation of Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation (COST) shares are trading at lower $375.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...