X Financial (XYF) shares are trading at higher $1.11 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $2.17 and the low is $0.47. Over the last 52 weeks, XYF is down -42.19% 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, XYF reported a profit of $-15.4 million. X Financial also saw revenues decrease to $54.9 million. In addition, XYF has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at -$48.34 million which compares well with its peers.
XYF booked profit margins of -11.70%, its Return on Equity (ROE) is -6.80%, and its Return on Assets is -3.50%. All told, it is clear that, XYF 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. XYF has a short ratio of 0.22 and outstanding shares of 160.40M.
XYF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.2 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.26. X Financial XYF also noted assets of $1.15 billion at the end of the last quarter. Investors should also keep an eye on sector updates as XYF has historically followed its peers on positive news.
All told, X Financial XYF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, XYF 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.
X Financial XYF is now commanding a market cap of 243.83M and a float of 56.41M. XYF 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 XYF 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 XYF, either long or short, and we have not been compensated for this article.