Eton Pharmaceuticals Inc. (NASDAQ:ETON) finished Thursday with an addition of $0.48 to close at $3.08, an upside of 18.46 percent. An average of 2,448,866 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 652,067 shares traded, while the 50-day average volume stands at 296,851.
ETON stock has decreased by -1.60% in the last month. The company shares reached their 1-month lowest point of $2.42 on 07/31/23. With the stock rallying to its 52-week high on 05/30/23, shares of the company touched a low of $1.95 and a high of $4.28 in 52 weeks. It has reached a new high 15 times so far this year and achieved 9.22% or $0.22 in price. In spite of this, the price is down -28.04% from the 52-week high.
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Valuation Metrics
Eton Pharmaceuticals Inc. (ETON) stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.06, the price-to-book (PB) ratio at 7.00.
Financial Health
The quick ratio of Eton Pharmaceuticals Inc. for the three months ended June 29 was 2.50, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.57 for the quarter ending June 29. Eton Pharmaceuticals Inc.’s EBITDA margin for the year ending June 29 is -30.56%, while its operating margin for the same period stands at -36.90%. Its gross profit as reported stood at $14.32 million compared to revenue of $21.25 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Eton Pharmaceuticals Inc.’s return on assets was -27.20%.
Earnings Surprise
For the three-month period that ended June 29, Eton Pharmaceuticals Inc. had $5.11 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.66 million in the quarter, while revenues were shrunk -100.38%. The analyst consensus anticipated Eton Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be $0.15, a 266.70% surprise. For the quarter, EBITDA amounted to -$2.29 million. At the end of the quarter ending June 29, Eton Pharmaceuticals Inc.’s stock balance sheet showed total liabilities of 12.69 million. Shareholders own equity worth $25.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Eton Pharmaceuticals Inc. (ETON) price momentum. RSI 9-day as of the close on 10 August was 61.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 100.94%.
As of today, ETON’s price is $2.71 +12.59% or $0.34 from its 5-day moving average. ETON is currently trading +2.36% higher than its 20-day SMA and -22.84% lower than its 100-day SMA. However, the stock’s current price level is -23.23% below the SMA50 and +47.57% above the SMA200.
The stochastic %K and %D were 42.44% and 37.17%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 59.62% and the average true range at 0.25, the RSI (14) stands at 53.52%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Analyst Ratings
The consensus rating for Eton Pharmaceuticals Inc. (ETON) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ETON, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ETON’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Eton Pharmaceuticals Inc. (ETON) stock is $10.00.
