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Friday, November 27, 2020

The Forecast Just Changed on SunLink Health Systems Inc. (AMEX:SSY)

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SunLink Health Systems Inc. (SSY) shares are trading at higher $1.29.

To add more color to this target, the company’s high over the last year is $1.65 and the low is $0.60. Over the last 52 weeks, SSY is down -4.82% 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, SSY reported a profit of $5.55 million. SunLink Health Systems Inc. also saw revenues increase to $10.69 million. In addition, SSY has free cash flow of $2.78 million as of 06-2020. The company’s EBITDA came in at -$0.35 million which compares well with its peers.

SSY booked profit margins of -2.40%, its Return on Equity (ROE) is -7.90%, and its Return on Assets is -4.60%. All told, it is clear that, SSY 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. SSY has a short ratio of 0.24 and outstanding shares of 6.90M.

Company Outlook

SSY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 50600.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.09. SunLink Health Systems Inc. SSY also noted assets of $27.97 million at the end of the last quarter. Investors should also keep an eye on sector updates as SSY has historically followed its peers on positive news.

All told, SunLink Health Systems Inc. SSY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SSY 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.

SunLink Health Systems Inc. SSY is now commanding a market cap of 8.59M and a float of 4.52M. SSY 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 SSY 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 SSY, either long or short, and we have not been compensated for this article.

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