What’s amazing in Crossroads Systems Inc. (NASDAQ:CRDS)’s about-turn?


Crossroads Systems Inc. (NASDAQ:CRDS) said its revenue at the close of the latest quarter were 16,000%, up -12.13% from the same period a year earlier.

Since Crossroads Systems Inc. incurred expenses of $2,000 to generate the revenue. Its gross income in the quarter was $14,000. After discounting other operating expenses like salaries from the gross income, it closed up with EPS of $(0.12).

Let’s analyze the technical of the stock

The Barchart Technical Opinion rating is a 88% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. 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 Crossroads Systems Inc. closed the quarter with diluted due shares of 1.23M.

For the imminent quarter, though, the market analysts are expecting EPS of $ from Crossroads Systems Inc..

Crossroads Systems Inc. finished the recent quarter with a cash balance of 2.34M%. It recorded net cash flow of $(718,000) from operations, resulting in free cash flow of $(718,000) for the quarter.

With that, the firm closed the quarter with total assets of $3.84M. Crossroads Systems Inc. booked total liabilities of $1.22M in the previous quarter.

Analysts who have analyzed Crossroads 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 Crossroads 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.

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