What message is Inventergy Global Inc. (NASDAQ:INVT) sending?

1088

Inventergy Global Inc. (NASDAQ:INVT) said its revenue at the end of the latest quarter were 100,244%, up -3.04%% from a corresponding period a year earlier.

Since Inventergy Global Inc. incurred expenses of $414,270 to generate the revenue, its gross income in the quarter was $(314,026). After deducting other operating expenses such salaries from the gross income, it ended up with a net income that gave it EPS of $(0.21).

Recently, Inventergy Global, Inc. (NASDAQ:INVT) announced the completion of the previously-announced restructuring agreement (the “Agreement”) with our senior lender, an entity owned by funds managed by Fortress Investment Group LLC, (“Lender”). In connection with the restructuring, Inventergy assigned its 740 telecommunications patents to INVT SPE LLC, a special purpose entity controlled by an affiliate of Lender as the managing member, who has sole discretion to make any and all decisions relating to the patents and related monetization activities, including the right to license, sell or sue unauthorized users of the patents.

Let?s look into the technical of the stock

The Barchart Technical Opinion rating is a 100% Sell 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 market is approaching oversold territory. Be watchful of a trend reversal.

The reported EPS resulted from dividing the net income with the number of outstanding shares. Investors should keep in mind that Inventergy Global Inc. finished the quarter with diluted outstanding shares of 11.53M.

For the next quarter, though, the analysts on Wall Street are expecting EPS of $ from Inventergy Global Inc..

Inventergy Global Inc. finished the most recent quarter with a cash balance of 1.48M%. It generated net cash flow of $(2.33M) from operations, yielding free cash flow of $(2.33M) for the quarter.

With that, the company concluded the quarter with total assets worth $18.89M. It also reported total debt of 8.14M%, with the debt having increased/decreased by falling from the previous quarter. Inventergy Global Inc. booked total liabilities of $17.35M in the latest quarter.

Analysts who have commented on Inventergy Global Inc. so far have an average recommendation of on its stock. What does that mean? A recommendation in the range of 1.00 ? 1.24 indicates that a stock is a BUY. A recommendation in the band of 1.75 ? 2.24 suggests a stock is a HOLD, and a recommendation in the range of 2.75 ? 3.00 implies a stock is a SELL. So that tells you the perception of Inventergy Global Inc. on Wall Street.

However, outside BUY, HOLD and SELL, other available analyst recommendations are OVERWEIGHT and UNDERWEIGHT, represented by numbers in the range of 1.25 ? 1.74 and 2.25 ? 2.74, respectively.

Analysts on the average are also predicting that shares of Inventergy Global Inc. will be trading at $ in the next 12 months.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.