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Thursday, October 22, 2020

Kadmon Holdings Inc. (NYSE:KDMN) is Waving the Bull Flag

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Kadmon Holdings Inc. (KDMN) shares are trading at higher $3.99 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 $5.50 and the low is $2.30. Over the last 52 weeks, KDMN is up 53.46% while the S&P 500 is up 18.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KDMN reported a profit of $-0.34 million. Kadmon Holdings Inc. also saw revenues decrease to $0.45 million. In addition, KDMN has free cash flow of -$37.67 million as of 06-2020. The company’s EBITDA came in at -$27.36 million which compares well with its peers.

KDMN Return on Equity (ROE) is -140.70%, and its Return on Assets is -69.30%. All told, it is clear that, KDMN 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. KDMN has a short ratio of 12.02 and outstanding shares of 162.42M.

Company Outlook

KDMN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.35 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.94. Kadmon Holdings Inc. KDMN also noted assets of $213.24 million at the end of the last quarter. Investors should also keep an eye on sector updates as KDMN has historically followed its peers on positive news.

All told, Kadmon Holdings Inc. KDMN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KDMN 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.

Kadmon Holdings Inc. KDMN is now commanding a market cap of 672.91M and a float of 155.18M. KDMN 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 KDMN 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 KDMN, either long or short, and we have not been compensated for this article.

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