KBS Fashion Group Limited (KBSF) shares are trading at higher $3.20.
To add more color to this target, the company’s high over the last year is $4.45 and the low is $0.95. Over the last 52 weeks, KBSF is up 45.45% 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, KBSF reported a profit of $0.52 million. KBS Fashion Group Limited also saw revenues increase to $2.25 million. In addition, KBSF has free cash flow of -$4.27 million as of 06-2020. The company’s EBITDA came in at -$2.07 million which compares well with its peers.
KBSF booked profit margins of -0.90%. All told, it is clear that, KBSF 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. KBSF has a short ratio of 0.11 and outstanding shares of 2.90M.
KBSF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.50. KBS Fashion Group Limited KBSF also noted assets of $56.77 million at the end of the last quarter. Investors should also keep an eye on sector updates as KBSF has historically followed its peers on positive news.
All told, KBS Fashion Group Limited KBSF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KBSF 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.
KBS Fashion Group Limited KBSF is now commanding a market cap of 9.28M and a float of 1.47M. KBSF 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 KBSF 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 KBSF, either long or short, and we have not been compensated for this article.