Oxford Immunotec Global PLC (NASDAQ:OXFD) Relative Strength Index (RSI) is 49.16, with weekly volatility at 4.14% and ATR at 0.72. The OXFD stock’s 52-week price range has touched low of $8.37 and a $17.77 high. Intraday shares traded counted 54467.0, which was 82.78% higher than its 30-day average trading volume of 316.29K. Its shares traded higher over the last trading session, gaining 1.24% on 06/26/20. The shares fell to a low of $12.71 before closing at $13.08. OXFD’s previous close was $12.92 while the outstanding shares total 26.14M. The firm has a beta of 1.06.
Investors have identified the Diagnostics & Research company Oxford Immunotec Global PLC as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $335.24 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Oxford Immunotec Global PLC (OXFD) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OXFD, the company has in raw cash 166.49 million on their books with 1.04 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 200716000 million total, with 14032000 million as their total liabilities.
OXFD were able to record -6.14 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -14.79 million. In cash movements, the company had a total of -5.53 million as operating cash flow.
Potential earnings growth for Oxford Immunotec Global PLC (OXFD)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Oxford Immunotec Global PLC recorded a total of 13.91 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.31% coming in sequential stages and their sales for the third quarter reducing by -30.21%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.6 million trying to sell their products during the last quarter, with the result yielding a gross income of 10.31 million. This allows shareholders to hold on to 26.14M with the revenue now reading -0.03 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.07 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OXFD sounds very interesting.
Is the stock of OXFD attractive?
In related news, Director, BALTHROP PATRICK J bought 4,000 shares of the company’s stock in a transaction that recorded on May 20. The purchase was performed at an average price of 12.48, for a total value of 49,920. As the purchase deal closes, the Chief Executive Officer, Wrighton-Smith Peter now bought 15,525 shares of the company’s stock, valued at 179,469. Also, Chief Executive Officer, Wrighton-Smith Peter bought 26,000 shares of the company’s stock in a deal that was recorded on May 11. The shares were cost at an average price of 11.45 per share, with a total market value of 297,700. Following this completion of disposal, the Chief Executive Officer, Wrighton-Smith Peter now holds 2,075 shares of the company’s stock, valued at 22,306. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.30%.
3 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Oxford Immunotec Global PLC. 0 analysts has assigned a Sell rating on the OXFD stock. The 12-month mean consensus price target for the company’s shares has been set at $18.50.