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Tuesday, October 27, 2020

AnaptysBio Inc. (NASDAQ:ANAB) on the Path to Profitability

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AnaptysBio Inc. (ANAB) shares are trading at higher $20.37 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $18.50.

To add more color to this target, the company’s high over the last year is $39.48 and the low is $10.00. Over the last 52 weeks, ANAB is down -43.39% 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

ANAB Return on Equity (ROE) is -20.20%, and its Return on Assets is -18.90%. All told, it is clear that, ANAB 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. ANAB has a short ratio of 21.94 and outstanding shares of 27.28M.

Company Outlook

ANAB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.16 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.99. AnaptysBio Inc. ANAB also noted assets of $401.75 million at the end of the last quarter. Investors should also keep an eye on sector updates as ANAB has historically followed its peers on positive news.

All told, AnaptysBio Inc. ANAB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ANAB 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.

AnaptysBio Inc. ANAB is now commanding a market cap of 551.21M and a float of 27.14M. ANAB 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 ANAB 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 ANAB, either long or short, and we have not been compensated for this article.

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