Here is an analysis at the scorecard of Ability Inc. (NASDAQ:ABIL) for the recent quarter and analyst projections for the coming periods.
The firm generated sales of 2.54M%, implying a jump of 0.22% compared to a analogous quarter a year ago.
To achieve the recorded sales of 2.54M% for the quarter, the firm incurred $1.16M in cost of goods. Hence, after considering the cost of sales, Ability Inc. came with a gross income of $1.37M.
Let’s look into the technical of the stock
The Barchart Technical Opinion rating is a 32% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Average.
Ability Inc. incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $(0.16). The firm had 24.58M diluted outstanding shares at the close of the quarter.
Ability Inc.’s cash balance at the close of the recent quarter was 25.63M%. The firm generated free cash flow of $(5.62M) during the quarter, while net operating cash flow was $(5.62M). Net change in cash was $(5.8M).
What is market thinking about Ability 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 Ability 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 $31.84M, offset by total liabilities of $22.13M.
Ability Inc. (NASDAQ:ABIL) (the “Company”), a leading provider of innovative tactical communications intelligence solutions, today announced that on June 6, 2017 it received notification from the Listing Qualifications Department of The Nasdaq Stock Market (the “Staff”) that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rule 5550(a)(2).