Marin Software Incorporated (MRIN) shares are trading at higher $3.76, while the current analyst price target stands at $2.00.
To add more color to this target, the company’s high over the last year is $3.35 and the low is $0.77. Over the last 52 weeks, MRIN is up 66.37% while the S&P 500 is up 14.62%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MRIN reported a profit of $2.69 million. Marin Software Incorporated also saw revenues increase to $7.28 million. In addition, MRIN has free cash flow of -$3.09 million as of 06-2020. The company’s EBITDA came in at -$3.08 million which compares well with its peers.
MRIN booked profit margins of -28.80%, its Return on Equity (ROE) is -60.70%, and its Return on Assets is -26.90%. All told, it is clear that, MRIN 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. MRIN has a short ratio of 0.15 and outstanding shares of 6.91M.
MRIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.66. Marin Software Incorporated MRIN also noted assets of $38.72 million at the end of the last quarter. Investors should also keep an eye on sector updates as MRIN has historically followed its peers on positive news.
All told, Marin Software Incorporated MRIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MRIN 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.
Marin Software Incorporated MRIN is now commanding a market cap of 25.64M and a float of 5.95M. MRIN 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 MRIN 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 MRIN, either long or short, and we have not been compensated for this article.