63.3 F
New York
Saturday, October 24, 2020

Livongo Health Inc. (NASDAQ:LVGO) on the Path to Profitability

Must read

MaxLinear Inc. (NYSE:MXL) Recent Earnings Shows Major Promise

MaxLinear Inc. (MXL) shares are trading at higher $26.52 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Ball Corporation (NYSE:BLL) Stock is Plummeting, Here is Why

Ball Corporation (BLL) shares are trading at lower $91.13 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Rejuvenation of Apollo Global Management Inc. (NYSE:APO)

Apollo Global Management Inc. (APO) shares are trading at lower $40.64 and the avg recommendation for the stock is Moderate Buy, while the current...

Renewed Optimism is Surrounding UnitedHealth Group Incorporated (NYSE:UNH)

UnitedHealth Group Incorporated (UNH) shares are trading at higher $325.73 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Livongo Health Inc. (LVGO) shares are trading at higher $148.08 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $127.77.

To add more color to this target, the company’s high over the last year is $150.00 and the low is $17.25. Over the last 52 weeks, LVGO is up 702.60% 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, LVGO reported a profit of $70.46 million. Livongo Health Inc. also saw revenues increase to $91.92 million. In addition, LVGO has free cash flow of -$10.86 million as of 06-2020. The company’s EBITDA came in at $3.79 million which compares well with its peers.

LVGO booked profit margins of -12.90%, its Return on Equity (ROE) is -6.40%, and its Return on Assets is -4.90%. All told, it is clear that, LVGO needs to be on your watchlist.

Find out when LVGO 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. LVGO has a short ratio of 2.67 and outstanding shares of 97.90M.

Company Outlook

LVGO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.27 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.36. Livongo Health Inc. LVGO also noted assets of $1.05 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LVGO has historically followed its peers on positive news.

All told, Livongo Health Inc. LVGO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LVGO 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.

Livongo Health Inc. LVGO is now commanding a market cap of 15.22B and a float of 63.90M. LVGO 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 LVGO 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 LVGO, either long or short, and we have not been compensated for this article.

Latest article

Genpact Limited (NYSE:G) Stock is Soaring, Here is Why

Genpact Limited (G) shares are trading at higher $36.98 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Microchip Technology Incorporated (NASDAQ:MCHP) is Holding Steady

Microchip Technology Incorporated (MCHP) shares are trading at higher $112.52 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Rising for Sysco Corporation (NYSE:SYY)

Sysco Corporation (SYY) shares are trading at higher $65.21 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Agenus Inc. (NASDAQ:AGEN) is Gaining Momentum on Earnings Catalyst

Agenus Inc. (AGEN) shares are trading at higher $4.08 and the avg recommendation for the stock is Strong Buy. To add more color to...

The Rejuvenation of Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation (COST) shares are trading at lower $375.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...