Anavex Life Sciences Corp. (AVXL) shares are trading at higher $4.75 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $6.31 and the low is $2.20. Over the last 52 weeks, AVXL is up 66.08% while the S&P 500 is up 16.45%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AVXL reported a profit of $1.63 million. Anavex Life Sciences Corp. also saw revenues increase to $8.11 million. In addition, AVXL has free cash flow of -$15.03 million as of 06-2020. The company’s EBITDA came in at -$8.11 million which compares well with its peers.
AVXL Return on Equity (ROE) is -101.10%, and its Return on Assets is -81.10%. All told, it is clear that, AVXL 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. AVXL has a short ratio of 12.31 and outstanding shares of 59.11M.
AVXL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.46 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.43. Investors should also keep an eye on sector updates as AVXL has historically followed its peers on positive news.
All told, Anavex Life Sciences Corp. AVXL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AVXL 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.
Anavex Life Sciences Corp. AVXL is now commanding a market cap of 287.85M and a float of 57.74M. AVXL 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 AVXL 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 AVXL, either long or short, and we have not been compensated for this article.