Applied Genetic Technologies Corporation (AGTC) shares are trading at higher $5.00 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 $10.42 and the low is $2.29. Over the last 52 weeks, AGTC is up 80.51% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
AGTC Return on Equity (ROE) is -73.10%, and its Return on Assets is -53.30%. All told, it is clear that, AGTC needs to be on your watchlist.
Find out when AGTC reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
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. AGTC has a short ratio of 3.00 and outstanding shares of 25.82M.
AGTC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.14. Applied Genetic Technologies Corporation AGTC also noted assets of $85.61 million at the end of the last quarter. Investors should also keep an eye on sector updates as AGTC has historically followed its peers on positive news.
All told, Applied Genetic Technologies Corporation AGTC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AGTC 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.
Applied Genetic Technologies Corporation AGTC is now commanding a market cap of 128.25M and a float of 25.63M. AGTC 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 AGTC 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 AGTC, either long or short, and we have not been compensated for this article.