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Sunday, October 25, 2020

GSX Techedu Inc. (NYSE:GSX) is Holding Steady

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GSX Techedu Inc. (GSX) shares are trading at higher $114.55 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $77.32.

To add more color to this target, the company’s high over the last year is $141.78 and the low is $13.62. Over the last 52 weeks, GSX is up 706.69% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GSX reported a profit of $182.54 million. GSX Techedu Inc. also saw revenues increase to $233.59 million. In addition, GSX has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at -$22.75 million which compares well with its peers.

GSX booked profit margins of 7.30%, its Return on Equity (ROE) is 20.60%, and its Return on Assets is 8.60%. All told, it is clear that, GSX 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. GSX has a short ratio of 6.51 and outstanding shares of 238.70M.

Company Outlook

GSX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.03 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.20. GSX Techedu Inc. GSX also noted assets of $692.09 million at the end of the last quarter. Investors should also keep an eye on sector updates as GSX has historically followed its peers on positive news.

All told, GSX Techedu Inc. GSX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GSX 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.

GSX Techedu Inc. GSX is now commanding a market cap of 24.35B and a float of 127.14M. GSX 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 GSX 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 GSX, either long or short, and we have not been compensated for this article.

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