Could Delcath Systems Inc. (NASDAQ:DCTH) be entering drought?


Here is an analysis at the scorecard of Delcath Systems Inc. (NASDAQ:DCTH) for the recent quarter and analyst projections for the coming periods.

The firm generated sales of 743,000%, implying a jump of 0.5%% compared to a analogous quarter a year ago.

To achieve the recorded sales of 743,000% for the quarter, the firm incurred $219,000 in cost of goods. Hence, after considering the cost of sales, Delcath Systems Inc. came with a gross income of $524,000.

Let’s look into the technical of the stock

The Barchart Technical Opinion rating is a 16% Buy with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Weak.

Delcath Systems Inc. incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $(0.25). The firm had 45.08M diluted outstanding shares at the close of the quarter.

Delcath Systems Inc.’s cash balance at the close of the recent quarter was 27.14M%. The firm generated free cash flow of $(3.88M) during the quarter, while net operating cash flow was $(3.82M). Net change in cash was $2M.

That said, Delcath Systems Inc. closed the quarter with debt of 9.29M%. The debt increased/dropped by falling from the past period.

What is market thinking about Delcath Systems Inc.? So far analysts have assessed the stock, and they have average recommendation of and average price target of $. To put the recommendation into perspective, call in the range of 1.00 – 1.24 indicates a BUY recommendation, whereas 1.25 – 1.74 refers to OVERWEIGHT. HOLD recommendation is shown by 1.75 – 2.24, UNDERWEIGHT is signified by 2.25 – 2.74 while SELL is signified by 2.75 – 3.00.

Does Delcath Systems Inc. have a strong balance sheet? A look at the firm’s balance sheet at the close of the most recent quarter displays that it has total assets of $31.04M, offset by total liabilities of $31.63M.