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Thursday, October 22, 2020

The Rejuvenation of Milestone Scientific Inc. (AMEX:MLSS)

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Milestone Scientific Inc. (MLSS) shares are trading at higher $2.04 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $3.05 and the low is $0.85. Over the last 52 weeks, MLSS is up 88.89% 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, MLSS reported a profit of $0.11 million. Milestone Scientific Inc. also saw revenues increase to $0.17 million. In addition, MLSS has free cash flow of -$4.13 million as of 06-2020. The company’s EBITDA came in at -$3.15 million which compares well with its peers.

MLSS Return on Equity (ROE) is -233.40%, and its Return on Assets is -104.30%. All told, it is clear that, MLSS 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. MLSS has a short ratio of 7.43 and outstanding shares of 56.70M.

Company Outlook

MLSS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.24 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.20. Milestone Scientific Inc. MLSS also noted assets of $20.96 million at the end of the last quarter. Investors should also keep an eye on sector updates as MLSS has historically followed its peers on positive news.

All told, Milestone Scientific Inc. MLSS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MLSS 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.

Milestone Scientific Inc. MLSS is now commanding a market cap of 133.64M and a float of 52.42M. MLSS 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 MLSS 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 MLSS, either long or short, and we have not been compensated for this article.

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