Maiden Holdings Ltd. (MHLD) shares are trading at higher $1.39 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $1.50.
To add more color to this target, the company’s high over the last year is $1.70 and the low is $0.38. Over the last 52 weeks, MHLD is up 110.29% while the S&P 500 is up 15.68%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MHLD reported a profit of $9.19 million. Maiden Holdings Ltd. also saw revenues increase to $44.74 million. In addition, MHLD has free cash flow of -$419.15 million as of 06-2020. The company’s EBITDA came in at $11.44 million which compares well with its peers.
MHLD booked profit margins of -26.00%, its Return on Equity (ROE) is -151.80%, and its Return on Assets is -2.10%. All told, it is clear that, MHLD needs to be on your watchlist.
Find out when MHLD reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
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. MHLD has a short ratio of 1.29 and outstanding shares of 84.54M.
Company Outlook
MHLD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.24 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.60. Investors should also keep an eye on sector updates as MHLD has historically followed its peers on positive news.
All told, Maiden Holdings Ltd. MHLD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MHLD 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.
Maiden Holdings Ltd. MHLD is now commanding a market cap of 109.41M and a float of 61.74M. MHLD 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 MHLD 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 MHLD, either long or short, and we have not been compensated for this article.