Could Span-America Medical Systems Inc. (NASDAQ:SPAN) overreact?

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Span-America Medical Systems Inc. (NASDAQ:SPAN) said its revenue at the close of the latest quarter were 15.23M%, up 0.02% from the same period a year earlier.

Since Span-America Medical Systems Inc. incurred expenses of $9.37M to generate the revenue. Its gross income in the quarter was $5.86M. After discounting other operating expenses like salaries from the gross income, it closed up with EPS of $0.62.

Let’s analyze the technical of the stock

The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.

The reported EPS from dividing the net income by the number of outstanding shares. Shareholders should bear in mind that Span-America Medical Systems Inc. closed the quarter with diluted due shares of 2.77M.

For the imminent quarter, though, the market analysts are expecting EPS of $ from Span-America Medical Systems Inc..

Span-America Medical Systems Inc. finished the recent quarter with a cash balance of 7.27M%. It recorded net cash flow of $202,620 from operations, resulting in free cash flow of $133,213 for the quarter.

With that, the firm closed the quarter with total assets of $33.9M. Span-America Medical Systems Inc. booked total liabilities of $5.23M in the previous quarter.

Analysts who have analyzed Span-America Medical Systems Inc. so far have a recommendation of on its equity. What does that indicate? A recommendation in between 1.00 – 1.24 implies that a stock is a BUY. A call in the band of 1.75 – 2.24 implies a stock is a HOLD, and a call figure in between 2.75 – 3.00 shows a stock is a SELL. So that explains you the perception of Span-America Medical Systems Inc. on Wall Street.

However, outside HOLD, SELL and BUY other available analyst calls are OVERWEIGHT and UNDERWEIGHT, shown by figures in the range of 1.25 – 1.74 and 2.25 – 2.74, correspondingly.

Analysts on the average are anticipating that shares of Span-America Medical Systems Inc. will be trading at $ in the next 12 months.