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Saturday, October 24, 2020

The Forecast Just Changed on VOXX International Corporation (NASDAQ:VOXX)

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VOXX International Corporation (VOXX) shares are trading at higher $11.32.

To add more color to this target, the company’s high over the last year is $9.67 and the low is $1.82. Over the last 52 weeks, VOXX is up 152.12% 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, VOXX reported a profit of $38.08 million. VOXX International Corporation also saw revenues increase to $128.03 million. In addition, VOXX has free cash flow of -$1.19 million as of 08-2020. The company’s EBITDA came in at $11.62 million which compares well with its peers.

VOXX booked profit margins of -9.00%, its Return on Equity (ROE) is -8.70%, and its Return on Assets is -7.10%. All told, it is clear that, VOXX 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. VOXX has a short ratio of 5.44 and outstanding shares of 24.23M.

Company Outlook

VOXX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.29 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.39. VOXX International Corporation VOXX also noted assets of $528.5 million at the end of the last quarter. Investors should also keep an eye on sector updates as VOXX has historically followed its peers on positive news.

All told, VOXX International Corporation VOXX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VOXX 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.

VOXX International Corporation VOXX is now commanding a market cap of 264.66M and a float of 14.81M. VOXX 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 VOXX 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 VOXX, either long or short, and we have not been compensated for this article.

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