Surface Oncology Inc. (SURF) shares are trading at higher $9.39 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $10.80.
To add more color to this target, the company’s high over the last year is $7.90 and the low is $1.20. Over the last 52 weeks, SURF is up 663.41% while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
SURF booked profit margins of -63.70%, its Return on Equity (ROE) is -32.90%, and its Return on Assets is -18.00%. All told, it is clear that, SURF needs to be on your watchlist.
Find out when SURF 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. SURF has a short ratio of 0.65 and outstanding shares of 33.42M.
SURF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.67 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.89. Surface Oncology Inc. SURF also noted assets of $154.53 million at the end of the last quarter. Investors should also keep an eye on sector updates as SURF has historically followed its peers on positive news.
All told, Surface Oncology Inc. SURF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SURF 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.
Surface Oncology Inc. SURF is now commanding a market cap of 397.95M and a float of 17.04M. SURF 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 SURF 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 SURF, either long or short, and we have not been compensated for this article.