Evogene Ltd. (EVGN) shares are trading at higher $3.47 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $5.30 and the low is $0.75. Over the last 52 weeks, EVGN is up 144.37% while the S&P 500 is up 15.19%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, EVGN reported a profit of $0.24 million. Evogene Ltd. also saw revenues increase to $0.32 million. In addition, EVGN has free cash flow of -$13.22 million as of 09-2020. The company’s EBITDA came in at -$4.83 million which compares well with its peers.
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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. EVGN has a short ratio of 0.29 and outstanding shares of 35.58M.
EVGN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.82. Evogene Ltd. EVGN also noted assets of $65.98 million at the end of the last quarter. Investors should also keep an eye on sector updates as EVGN has historically followed its peers on positive news.
All told, Evogene Ltd. EVGN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EVGN 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.
Evogene Ltd. EVGN is now commanding a market cap of 123.45M and a float of 25.96M. EVGN 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 EVGN 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 EVGN, either long or short, and we have not been compensated for this article.