Eguana Technologies Inc. to Post FY2023 Earnings of ($0.05) Per Share, Cormark Forecasts (CVE:EGT)

Eguana Technologies Inc. (CVE:EGT) – Stock analysts at Cormark reduced their FY2023 earnings per share estimates for Eguana Technologies in a research report issued on Thursday, September 7th. Cormark analyst M. Whale now anticipates that the company will post earnings per share of ($0.05) for the year, down from their previous estimate of ($0.04). Cormark also issued estimates for Eguana Technologies’ FY2024 earnings at ($0.03) EPS.

A number of other analysts also recently issued reports on the company. Raymond James downgraded Eguana Technologies from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$0.40 to C$0.10 in a research report on Friday, September 1st. Stifel Nicolaus downgraded shares of Eguana Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$0.35 to C$0.10 in a research note on Thursday, August 31st.

Eguana Technologies Price Performance

Shares of Eguana Technologies stock opened at C$0.07 on Monday. The stock has a market cap of C$27.57 million, a price-to-earnings ratio of -3.25 and a beta of 1.58. The company has a debt-to-equity ratio of 1,246.85, a quick ratio of 3.66 and a current ratio of 2.72. The stock has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.17. Eguana Technologies has a one year low of C$0.05 and a one year high of C$0.46.

Eguana Technologies Company Profile

Eguana Technologies Inc designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. The company provides its products under the Enduro, Evolve, and Elevate brand names. The company was formerly known as Sustainable Energy Technologies Ltd.