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Wednesday, October 28, 2020

Staffing 360 Solutions Inc. (NASDAQ:STAF) Finding Strong Support

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Staffing 360 Solutions Inc. (STAF) shares are trading at higher $0.79 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 $1.40 and the low is $0.28. Over the last 52 weeks, STAF is down -24.42% 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, STAF reported a profit of $7.55 million. Staffing 360 Solutions Inc. also saw revenues increase to $43.36 million. In addition, STAF has free cash flow of -$5.52 million as of 06-2020. The company’s EBITDA came in at -$0.53 million which compares well with its peers.

STAF booked profit margins of -7.60%, its Return on Equity (ROE) is 504.70%, and its Return on Assets is -19.40%. All told, it is clear that, STAF 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. STAF has a short ratio of 0.08 and outstanding shares of 8.69M.

Company Outlook

STAF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 40460.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.04. Staffing 360 Solutions Inc. STAF also noted assets of $91.82 million at the end of the last quarter. Investors should also keep an eye on sector updates as STAF has historically followed its peers on positive news.

All told, Staffing 360 Solutions Inc. STAF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, STAF 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.

Staffing 360 Solutions Inc. STAF is now commanding a market cap of 7.48M and a float of 6.72M. STAF 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 STAF 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 STAF, either long or short, and we have not been compensated for this article.

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