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Wednesday, October 21, 2020

Is Now the Time to Invest in CHF Solutions Inc. (NASDAQ:CHFS)?

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CHF Solutions Inc. (CHFS) shares are trading at higher $0.34 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 $1.90 and the low is $0.28. Over the last 52 weeks, CHFS is down -76.78% 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, CHFS reported a profit of $1.2 million. CHF Solutions Inc. also saw revenues increase to $1.86 million. In addition, CHFS has free cash flow of -$8.83 million as of 06-2020. The company’s EBITDA came in at -$3.83 million which compares well with its peers.

CHFS Return on Equity (ROE) is -398.50%, and its Return on Assets is -258.90%. All told, it is clear that, CHFS 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. CHFS has a short ratio of 0.14 and outstanding shares of 37.92M.

Company Outlook

CHFS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.43. CHF Solutions Inc. CHFS also noted assets of $13.14 million at the end of the last quarter. Investors should also keep an eye on sector updates as CHFS has historically followed its peers on positive news.

All told, CHF Solutions Inc. CHFS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHFS 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.

CHF Solutions Inc. CHFS is now commanding a market cap of 27.30M and a float of 36.72M. CHFS 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 CHFS 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 CHFS, either long or short, and we have not been compensated for this article.

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