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Saturday, November 28, 2020

Zosano Pharma Corporation (NASDAQ:ZSAN) is Waving the Bear Flag

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Zosano Pharma Corporation (ZSAN) shares are trading at lower $0.36 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 $2.21 and the low is $0.40. Over the last 52 weeks, ZSAN is down -82.83% while the S&P 500 is up 7.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ZSAN reported a profit of $0.19 million. Zosano Pharma Corporation also saw revenues increase to $7.7 million. In addition, ZSAN has free cash flow of -$21.15 million as of 06-2020. The company’s EBITDA came in at -$7.35 million which compares well with its peers.

ZSAN Return on Equity (ROE) is -227.60%, and its Return on Assets is -79.80%. All told, it is clear that, ZSAN 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. ZSAN has a short ratio of 0.61 and outstanding shares of 95.62M.

Company Outlook

ZSAN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.6 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.41. Zosano Pharma Corporation ZSAN also noted assets of $47.71 million at the end of the last quarter. Investors should also keep an eye on sector updates as ZSAN has historically followed its peers on positive news.

All told, Zosano Pharma Corporation ZSAN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ZSAN 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.

Zosano Pharma Corporation ZSAN is now commanding a market cap of 28.43M and a float of 68.49M. ZSAN 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 ZSAN 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 ZSAN, either long or short, and we have not been compensated for this article.

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