LightInTheBox Holding Co. Ltd. (LITB) shares are trading at lower $2.74, while the current analyst price target stands at $3.00.
To add more color to this target, the company’s high over the last year is $3.89 and the low is $0.58. Over the last 52 weeks, LITB is up 211.36% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, LITB reported a profit of $49.55 million. LightInTheBox Holding Co. Ltd. also saw revenues increase to $113.88 million. In addition, LITB has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $8.18 million which compares well with its peers.
LITB booked profit margins of 10.50%, its Return on Equity (ROE) is 150.80%, and its Return on Assets is 27.90%. All told, it is clear that, LITB 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. LITB has a short ratio of 0.96 and outstanding shares of 111.80M.
LITB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.22. LightInTheBox Holding Co. Ltd. LITB also noted assets of $130.5 million at the end of the last quarter. Investors should also keep an eye on sector updates as LITB has historically followed its peers on positive news.
All told, LightInTheBox Holding Co. Ltd. LITB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LITB 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.
LightInTheBox Holding Co. Ltd. LITB is now commanding a market cap of 292.58M and a float of 76.36M. LITB 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 LITB 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 LITB, either long or short, and we have not been compensated for this article.