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Saturday, September 30, 2023

Can We Expect More Volatility From Iterum Therapeutics plc (ITRM)?

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Iterum Therapeutics plc (ITRM) shares are trading at higher $0.84 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $7.19 and the low is $0.45. Over the last 52 weeks, ITRM is down -76.27% 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, ITRM reported a profit of $4.18 million. Iterum Therapeutics plc also saw revenues increase to $6.33 million. In addition, ITRM has free cash flow of -$45.51 million as of 09-2020. The company’s EBITDA came in at -$3.19 million which compares well with its peers.

ITRM Return on Equity (ROE) is 149.30%, and its Return on Assets is -204.60%. All told, it is clear that, ITRM 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. ITRM has a short ratio of 0.04 and outstanding shares of 43.04M.

Company Outlook

ITRM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21.03 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.08. Iterum Therapeutics plc ITRM also noted assets of $26.27 million at the end of the last quarter. Investors should also keep an eye on sector updates as ITRM has historically followed its peers on positive news.

All told, Iterum Therapeutics plc ITRM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ITRM 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.

Iterum Therapeutics plc ITRM is now commanding a market cap of 36.22M and a float of 42.11M. ITRM 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 ITRM 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 ITRM, either long or short, and we have not been compensated for this article.

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