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Friday, September 22, 2023

Is the Rough Ride Over for DIRTT Environmental Solutions Ltd. (DRTT)

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DIRTT Environmental Solutions Ltd. (DRTT) shares are trading at higher $2.22.

To add more color to this target, the company’s high over the last year is $3.48 and the low is $0.71. Over the last 52 weeks, DRTT is down -33.33% while the S&P 500 is up 17.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DRTT reported a profit of $16.21 million. DIRTT Environmental Solutions Ltd. also saw revenues increase to $46.18 million. In addition, DRTT has free cash flow of -$2.33 million as of 09-2020. The company’s EBITDA came in at $0.14 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. DRTT has a short ratio of 6.26 and outstanding shares of 84.68M.

Company Outlook

DRTT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.2 million and more growth is possible in the weeks ahead. DIRTT Environmental Solutions Ltd. DRTT also noted assets of $183.49 million at the end of the last quarter. Investors should also keep an eye on sector updates as DRTT has historically followed its peers on positive news.

All told, DIRTT Environmental Solutions Ltd. DRTT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DRTT 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.

DIRTT Environmental Solutions Ltd. DRTT is now commanding a market cap of 187.99M and a float of 43.06M. DRTT 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 DRTT 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 DRTT, either long or short, and we have not been compensated for this article.

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