Osprey Technology Acquisition Corp. (SFTW) shares are trading at higher $10.04.
To add more color to this target, the company’s high over the last year is $10.36 and the low is $9.11 while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
SFTW Return on Equity (ROE) is -0.20%, and its Return on Assets is -0.20%. All told, it is clear that, SFTW 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. SFTW has a short ratio of 0.08 and outstanding shares of 9.41M.
SFTW has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.04. Osprey Technology Acquisition Corp. SFTW also noted assets of $319.27 million at the end of the last quarter. Investors should also keep an eye on sector updates as SFTW has historically followed its peers on positive news.
All told, Osprey Technology Acquisition Corp. SFTW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SFTW 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.
Osprey Technology Acquisition Corp. SFTW is now commanding a market cap of 396.89M and a float of 1.41M. SFTW 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 SFTW 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 SFTW, either long or short, and we have not been compensated for this article.