Intra-Cellular Therapies Inc. (ITCI) shares are trading at lower $23.64 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $43.56 and the low is $9.44. Over the last 52 weeks, ITCI is up 143.46% 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, ITCI reported a profit of $6.81 million. Intra-Cellular Therapies Inc. also saw revenues increase to $7.37 million. In addition, ITCI has free cash flow of -$162.02 million as of 09-2020. The company’s EBITDA came in at -$55.66 million which compares well with its peers.
ITCI Return on Equity (ROE) is -48.30%, and its Return on Assets is -42.60%. All told, it is clear that, ITCI 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. ITCI has a short ratio of 3.03 and outstanding shares of 80.16M.
ITCI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.82 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.22. Intra-Cellular Therapies Inc. ITCI also noted assets of $771.29 million at the end of the last quarter. Investors should also keep an eye on sector updates as ITCI has historically followed its peers on positive news.
All told, Intra-Cellular Therapies Inc. ITCI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ITCI 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.
Intra-Cellular Therapies Inc. ITCI is now commanding a market cap of 1.94B and a float of 72.09M. ITCI 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 ITCI 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 ITCI, either long or short, and we have not been compensated for this article.