Alterity Therapeutics Limited (ATHE) shares are trading at higher $2.83.
To add more color to this target, the company’s high over the last year is $5.15 and the low is $0.28. Over the last 52 weeks, ATHE is up 162.04% while the S&P 500 is up 16.29%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
ATHE Return on Equity (ROE) is -117.50%, and its Return on Assets is -92.10%. All told, it is clear that, ATHE 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. ATHE has a short ratio of 0.34 and outstanding shares of 15.36M.
ATHE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 81470.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.65. Investors should also keep an eye on sector updates as ATHE has historically followed its peers on positive news.
All told, Alterity Therapeutics Limited ATHE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATHE 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.
Alterity Therapeutics Limited ATHE is now commanding a market cap of 60.28M and a float of 13.17M. ATHE 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 ATHE 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 ATHE, either long or short, and we have not been compensated for this article.