China Index Holdings Limited (CIH) shares are trading at higher $1.90.
To add more color to this target, the company’s high over the last year is $3.97 and the low is $0.94. Over the last 52 weeks, CIH is down -49.06% while the S&P 500 is up 14.46%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CIH reported a profit of $17.89 million. China Index Holdings Limited also saw revenues increase to $21.2 million. In addition, CIH has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $9.65 million which compares well with its peers.
CIH booked profit margins of 43.80%, its Return on Equity (ROE) is 524.40%, and its Return on Assets is 58.40%. All told, it is clear that, CIH 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. CIH has a short ratio of 37.38 and outstanding shares of 89.74M.
CIH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 39470.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.44. China Index Holdings Limited CIH also noted assets of $83.26 million at the end of the last quarter. Investors should also keep an eye on sector updates as CIH has historically followed its peers on positive news.
All told, China Index Holdings Limited CIH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CIH 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.
China Index Holdings Limited CIH is now commanding a market cap of 176.57M and a float of 49.37M. CIH 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 CIH 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 CIH, either long or short, and we have not been compensated for this article.