Genfit SA (GNFT) shares are trading at higher $5.10.
To add more color to this target, the company’s high over the last year is $22.48 and the low is $3.63. Over the last 52 weeks, GNFT is down -68.16% while the S&P 500 is up 15.43%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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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. GNFT has a short ratio of 1.10 and outstanding shares of 38.86M.
GNFT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 15930.0 and more growth is possible in the weeks ahead. Genfit SA GNFT also noted assets of $282.1 million at the end of the last quarter. Investors should also keep an eye on sector updates as GNFT has historically followed its peers on positive news.
All told, Genfit SA GNFT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GNFT 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.
Genfit SA GNFT is now commanding a market cap of 198.18M and a float of 36.89M. GNFT 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 GNFT 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 GNFT, either long or short, and we have not been compensated for this article.