9 Meters Biopharma Inc. (NMTR) shares are trading at lower $0.93 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 $1.22 and the low is $0.37. Over the last 52 weeks, NMTR is up 28.34% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, NMTR reported a profit of $2.12 million. 9 Meters Biopharma Inc. also saw revenues increase to $6.3 million. In addition, NMTR has free cash flow of -$12.99 million as of 09-2020. The company’s EBITDA came in at -$6.16 million which compares well with its peers.
NMTR Return on Assets is -704.10%. All told, it is clear that, NMTR 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. NMTR has a short ratio of 1.55 and outstanding shares of 141.63M.
NMTR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.96. 9 Meters Biopharma Inc. NMTR also noted assets of $13.91 million at the end of the last quarter. Investors should also keep an eye on sector updates as NMTR has historically followed its peers on positive news.
All told, 9 Meters Biopharma Inc. NMTR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NMTR 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.
9 Meters Biopharma Inc. NMTR is now commanding a market cap of 147.33M and a float of 124.89M. NMTR 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 NMTR 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 NMTR, either long or short, and we have not been compensated for this article.