Safe-T Group Ltd (SFET) shares are trading at higher $1.17.
To add more color to this target, the company’s high over the last year is $15.80 and the low is $0.90. Over the last 52 weeks, SFET is down -91.00% 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, SFET reported a profit of $0.51 million. Safe-T Group Ltd also saw revenues increase to $1.08 million. In addition, SFET has free cash flow of -$3.17 million as of 06-2020. The company’s EBITDA came in at -$1.73 million which compares well with its peers.
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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. SFET has a short ratio of 0.06 and outstanding shares of 18.15M.
SFET has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.38 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.12. Safe-T Group Ltd SFET also noted assets of $21.59 million at the end of the last quarter. Investors should also keep an eye on sector updates as SFET has historically followed its peers on positive news.
All told, Safe-T Group Ltd SFET has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SFET 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.
Safe-T Group Ltd SFET is now commanding a market cap of 21.24M and a float of 13.18M. SFET 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 SFET 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 SFET, either long or short, and we have not been compensated for this article.