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Friday, September 22, 2023

The Forecast Just Changed on Emerson Radio Corp. (AMEX:MSN)

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Emerson Radio Corp. (MSN) shares are trading at higher $1.09.

To add more color to this target, the company’s high over the last year is $1.35 and the low is $0.63. Over the last 52 weeks, MSN is up 29.76% while the S&P 500 is up 14.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MSN reported a profit of $0.52 million. Emerson Radio Corp. also saw revenues increase to $2.27 million. In addition, MSN has free cash flow of -$3.07 million as of 09-2020. The company’s EBITDA came in at -$0.98 million which compares well with its peers.

MSN booked profit margins of -66.40%, its Return on Equity (ROE) is -14.80%, and its Return on Assets is -12.00%. All told, it is clear that, MSN 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. MSN has a short ratio of 0.16 and outstanding shares of 21.04M.

Company Outlook

MSN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 92050.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.22. Emerson Radio Corp. MSN also noted assets of $35.9 million at the end of the last quarter. Investors should also keep an eye on sector updates as MSN has historically followed its peers on positive news.

All told, Emerson Radio Corp. MSN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MSN 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.

Emerson Radio Corp. MSN is now commanding a market cap of 22.86M and a float of 5.80M. MSN 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 MSN 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 MSN, either long or short, and we have not been compensated for this article.

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