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Thursday, October 22, 2020

Renewed Optimism is Surrounding Lineage Cell Therapeutics Inc. (AMEX:LCTX)

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Lineage Cell Therapeutics Inc. (LCTX) shares are trading at higher $1.09 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 $1.67 and the low is $0.53. Over the last 52 weeks, LCTX is up 15.96% while the S&P 500 is up 18.03%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LCTX reported a profit of $0.31 million. Lineage Cell Therapeutics Inc. also saw revenues increase to $0.39 million. In addition, LCTX has free cash flow of -$9.28 million as of 06-2020. The company’s EBITDA came in at -$5.85 million which compares well with its peers.

LCTX Return on Equity (ROE) is -32.90%, and its Return on Assets is -29.30%. All told, it is clear that, LCTX 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. LCTX has a short ratio of 8.45 and outstanding shares of 149.82M.

Company Outlook

LCTX 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 -0.24. Lineage Cell Therapeutics Inc. LCTX also noted assets of $112.08 million at the end of the last quarter. Investors should also keep an eye on sector updates as LCTX has historically followed its peers on positive news.

All told, Lineage Cell Therapeutics Inc. LCTX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LCTX 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.

Lineage Cell Therapeutics Inc. LCTX is now commanding a market cap of 164.30M and a float of 142.41M. LCTX 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 LCTX 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 LCTX, either long or short, and we have not been compensated for this article.

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