AMAG Pharmaceuticals Inc. (AMAG) shares are trading at higher $13.45 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $11.96.
To add more color to this target, the company’s high over the last year is $13.80 and the low is $4.41. Over the last 52 weeks, AMAG is up 24.08% while the S&P 500 is up 16.41%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AMAG reported a profit of $34.58 million. AMAG Pharmaceuticals Inc. also saw revenues increase to $52.76 million. In addition, AMAG has free cash flow of -$43.51 million as of 06-2020. The company’s EBITDA came in at $6.6 million which compares well with its peers.
AMAG booked profit margins of -87.40%, its Return on Equity (ROE) is -81.50%, and its Return on Assets is -32.20%. All told, it is clear that, AMAG 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. AMAG has a short ratio of 7.66 and outstanding shares of 34.35M.
AMAG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.26 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -7.63. AMAG Pharmaceuticals Inc. AMAG also noted assets of $715.55 million at the end of the last quarter. Investors should also keep an eye on sector updates as AMAG has historically followed its peers on positive news.
All told, AMAG Pharmaceuticals Inc. AMAG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AMAG 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.
AMAG Pharmaceuticals Inc. AMAG is now commanding a market cap of 464.70M and a float of 33.71M. AMAG 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 AMAG 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 AMAG, either long or short, and we have not been compensated for this article.