Huize Holding Limited (HUIZ) shares are trading at lower $7.80 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $10.60.
To add more color to this target, the company’s high over the last year is $14.80 and the low is $4.83 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, HUIZ reported a profit of $-1.09 million. Huize Holding Limited also saw revenues decrease to $33.26 million. In addition, HUIZ has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at -$1.09 million which compares well with its peers.
HUIZ booked profit margins of -2.20%, its Return on Equity (ROE) is -24.30%, and its Return on Assets is -3.40%. All told, it is clear that, HUIZ 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. HUIZ has a short ratio of 0.34 and outstanding shares of 51.92M.
HUIZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2440.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.06. Investors should also keep an eye on sector updates as HUIZ has historically followed its peers on positive news.
All told, Huize Holding Limited HUIZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HUIZ 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.
Huize Holding Limited HUIZ is now commanding a market cap of 413.21M and a float of 44.02M. HUIZ 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 HUIZ 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 HUIZ, either long or short, and we have not been compensated for this article.