Nesco Holdings Inc. (NSCO) shares are trading at higher $6.00 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $6.50.
To add more color to this target, the company’s high over the last year is $5.28 and the low is $1.38. Over the last 52 weeks, NSCO is up 100.00% 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, NSCO reported a profit of $15.84 million. Nesco Holdings Inc. also saw revenues increase to $69.26 million. In addition, NSCO has free cash flow of -$45.01 million as of 09-2020. The company’s EBITDA came in at $26.11 million which compares well with its peers.
NSCO booked profit margins of -3.70%, its Return on Equity (ROE) is 41.60%, and its Return on Assets is -1.40%. All told, it is clear that, NSCO 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. NSCO has a short ratio of 10.45 and outstanding shares of 49.03M.
NSCO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 38460.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.22. Nesco Holdings Inc. NSCO also noted assets of $769.46 million at the end of the last quarter. Investors should also keep an eye on sector updates as NSCO has historically followed its peers on positive news.
All told, Nesco Holdings Inc. NSCO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NSCO 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.
Nesco Holdings Inc. NSCO is now commanding a market cap of 294.84M and a float of 40.25M. NSCO 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 NSCO 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 NSCO, either long or short, and we have not been compensated for this article.