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Wednesday, January 20, 2021

The Last Few Sessions Have Precision BioSciences Inc. (DTIL) Soaring

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Precision BioSciences Inc. (DTIL) shares are trading at lower $8.31 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 $23.67 and the low is $4.45. Over the last 52 weeks, DTIL is down -55.13% 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, DTIL reported a profit of $33.41 million. Precision BioSciences Inc. also saw revenues increase to $7.36 million. In addition, DTIL has free cash flow of -$77.87 million as of 09-2020. The company’s EBITDA came in at -$23.55 million which compares well with its peers.

DTIL Return on Equity (ROE) is -105.70%, and its Return on Assets is -53.10%. All told, it is clear that, DTIL 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. DTIL has a short ratio of 3.36 and outstanding shares of 52.35M.

Company Outlook

DTIL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.95. Precision BioSciences Inc. DTIL also noted assets of $168.69 million at the end of the last quarter. Investors should also keep an eye on sector updates as DTIL has historically followed its peers on positive news.

All told, Precision BioSciences Inc. DTIL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DTIL 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.

Precision BioSciences Inc. DTIL is now commanding a market cap of 536.92M and a float of 44.88M. DTIL 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 DTIL 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 DTIL, either long or short, and we have not been compensated for this article.

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