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Friday, September 22, 2023

Enlivex Therapeutics Ltd. (NASDAQ:ENLV) on the Path to Profitability

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Enlivex Therapeutics Ltd. (ENLV) shares are trading at higher $11.40.

To add more color to this target, the company’s high over the last year is $16.94 and the low is $3.59. Over the last 52 weeks, ENLV is up 41.45% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ENLV reported a profit of $0.22 million. Enlivex Therapeutics Ltd. also saw revenues increase to $1.96 million. In addition, ENLV has free cash flow of -$5.79 million as of 09-2020. The company’s EBITDA came in at -$1.89 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. ENLV has a short ratio of 0.15 and outstanding shares of 13.06M.

Company Outlook

ENLV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 80030.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.83. Enlivex Therapeutics Ltd. ENLV also noted assets of $33.37 million at the end of the last quarter. Investors should also keep an eye on sector updates as ENLV has historically followed its peers on positive news.

All told, Enlivex Therapeutics Ltd. ENLV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ENLV 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.

Enlivex Therapeutics Ltd. ENLV is now commanding a market cap of 148.88M and a float of 7.53M. ENLV 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 ENLV 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 ENLV, either long or short, and we have not been compensated for this article.

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