What should follow up next and will ENTR continue to gain?
The historical data shows, that Entropic has traded much lower at the beginning of this year. However, its first quarter results look positive:
- Sales have increased sequentially each quarter
- Company has returned to profitability
- Earnings consistently exceeded estimates
Based on these facts, Entropic claims it has sufficient cash to complete its business operations.
Currently, the stock trades at $6.50, however its price change is -3.58% and its traded volume totals approximately 155 thousand shares, which is far less than the value from yesterday.
Note: This article was corrected to clarify material facts on July 7.