Ozon Holdings PLC (OZON) shares are trading at higher $40.02.
To add more color to this target, the company’s high over the last year is $43.50 and the low is $38.09 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
OZON booked profit margins of -21.90%. All told, it is clear that, OZON 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. OZON has outstanding shares of 348.97M.
OZON has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.62 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.42. Investors should also keep an eye on sector updates as OZON has historically followed its peers on positive news.
All told, Ozon Holdings PLC OZON has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OZON 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.
Ozon Holdings PLC OZON is now commanding a market cap of 13.97B and a float of 33.00M. OZON 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 OZON 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 OZON, either long or short, and we have not been compensated for this article.