SOS Limited (SOS) shares are trading at higher $2.69 and the avg recommendation for the stock is Strong Sell.
To add more color to this target, the company’s high over the last year is $6.00 and the low is $0.51. Over the last 52 weeks, SOS is down -13.25% 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
SOS booked profit margins of -24.70%, its Return on Equity (ROE) is 113.20%, and its Return on Assets is -11.40%. All told, it is clear that, SOS 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. SOS has a short ratio of 0.22 and outstanding shares of 18.90M.
SOS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.18 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -29.63. Investors should also keep an eye on sector updates as SOS has historically followed its peers on positive news.
All told, SOS Limited SOS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SOS 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.
SOS Limited SOS is now commanding a market cap of 35.13M and a float of 8.19M. SOS 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 SOS 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 SOS, either long or short, and we have not been compensated for this article.