9 Meters Biopharma Inc. (NMTR) shares are trading at lower $0.71 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 $1.22 and the low is $0.37. Over the last 52 weeks, NMTR is down -18.16% while the S&P 500 is up 12.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, NMTR reported a profit of $1.02 million. 9 Meters Biopharma Inc. also saw revenues increase to $44.84 million. In addition, NMTR has free cash flow of -$8.83 million as of 06-2020. The company’s EBITDA came in at -$44.16 million which compares well with its peers.
NMTR Return on Assets is -802.10%. All told, it is clear that, NMTR 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. NMTR has a short ratio of 0.50 and outstanding shares of 142.43M.
NMTR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.16. 9 Meters Biopharma Inc. NMTR also noted assets of $14.68 million at the end of the last quarter. Investors should also keep an eye on sector updates as NMTR has historically followed its peers on positive news.
All told, 9 Meters Biopharma Inc. NMTR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NMTR 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.
9 Meters Biopharma Inc. NMTR is now commanding a market cap of 99.71M and a float of 98.45M. NMTR 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 NMTR 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 NMTR, either long or short, and we have not been compensated for this article.