Kintara Therapeutics Inc. (KTRA) shares are trading at lower $1.50 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $1.95 and the low is $0.38. Over the last 52 weeks, KTRA is up 90.26% while the S&P 500 is up 15.13%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KTRA reported a profit of $8000.0. Kintara Therapeutics Inc. also saw revenues increase to $19.51 million. In addition, KTRA has free cash flow of -$4.11 million as of 09-2020. The company’s EBITDA came in at -$19.48 million which compares well with its peers.
KTRA Return on Assets is -137.90%. All told, it is clear that, KTRA 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. KTRA has a short ratio of 0.47 and outstanding shares of 24.66M.
KTRA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.47 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.87. Kintara Therapeutics Inc. KTRA also noted assets of $23.13 million at the end of the last quarter. Investors should also keep an eye on sector updates as KTRA has historically followed its peers on positive news.
All told, Kintara Therapeutics Inc. KTRA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KTRA 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.
Kintara Therapeutics Inc. KTRA is now commanding a market cap of 34.25M and a float of 19.62M. KTRA 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 KTRA 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 KTRA, either long or short, and we have not been compensated for this article.