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Will National Holdings Corporation (NHLD) Find a Support Level Soon?

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National Holdings Corporation (NHLD) shares are trading at higher $2.72.

To add more color to this target, the company’s high over the last year is $3.06 and the low is $1.12. Over the last 52 weeks, NHLD is up 0.37% 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, NHLD reported a profit of $-0.64 million. National Holdings Corporation also saw revenues decrease to $61.72 million. In addition, NHLD has free cash flow of -$1.71 million as of 06-2020. The company’s EBITDA came in at $1.2 million which compares well with its peers.

NHLD booked profit margins of -1.50%, its Return on Equity (ROE) is -6.80%, and its Return on Assets is -3.50%. All told, it is clear that, NHLD 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. NHLD has a short ratio of 2.39 and outstanding shares of 13.52M.

Company Outlook

NHLD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.25. Investors should also keep an eye on sector updates as NHLD has historically followed its peers on positive news.

All told, National Holdings Corporation NHLD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NHLD 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.

National Holdings Corporation NHLD is now commanding a market cap of 25.30M and a float of 9.65M. NHLD 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 NHLD 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 NHLD, either long or short, and we have not been compensated for this article.

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