NLS - Nautilus: Difficult To Find Any Further Upside Potential

Investment Thesis

Nautilus (NLS) reported results which saw revenue up 11% compared with its disastrous performance the previous year. However, its balance sheet demonstrates that Nautilus is very likely to survive and avoid bankruptcy.

Nevertheless, Nautilus is now priced at approximately 15 times forward EBITDA estimates, making this investment too expensive already and cuts into any upside potential.

Q1 2020 Results: Revenue Increased 11%

Going into its earnings results, Nautilus' stock had rallied another 10%. This was the culmination of what had been a meteoric rise of more than 160% this past month