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Tuesday, October 3, 2023

When Will Chiasma Inc. (CHMA) Slow Down

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Chiasma Inc. (CHMA) shares are trading at higher $4.36 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 $7.75 and the low is $2.88. Over the last 52 weeks, CHMA is down -17.74% 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

In the last quarter, CHMA reported a profit of $0.14 million. Chiasma Inc. also saw revenues increase to $0.14 million. In addition, CHMA has free cash flow of -$54.67 million as of 09-2020. The company’s EBITDA came in at -$17.25 million which compares well with its peers.

CHMA Return on Equity (ROE) is -83.80%, and its Return on Assets is -56.50%. All told, it is clear that, CHMA 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. CHMA has a short ratio of 2.17 and outstanding shares of 61.46M.

Company Outlook

CHMA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.18 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.45. Chiasma Inc. CHMA also noted assets of $194.56 million at the end of the last quarter. Investors should also keep an eye on sector updates as CHMA has historically followed its peers on positive news.

All told, Chiasma Inc. CHMA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHMA 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.

Chiasma Inc. CHMA is now commanding a market cap of 251.48M and a float of 57.44M. CHMA 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 CHMA 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 CHMA, either long or short, and we have not been compensated for this article.

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