Pi Financial Comments on NanoXplore Inc.’s FY2024 Earnings (TSE:GRA)

NanoXplore Inc. (TSE:GRA) – Pi Financial decreased their FY2024 EPS estimates for shares of NanoXplore in a report issued on Thursday, November 9th. Pi Financial analyst B. Jekic now anticipates that the company will earn ($0.06) per share for the year, down from their previous forecast of ($0.04). The consensus estimate for NanoXplore’s current full-year earnings is $0.02 per share. Pi Financial also issued estimates for NanoXplore’s FY2025 earnings at $0.01 EPS.

NanoXplore (TSE:GRA) last posted its quarterly earnings results on Monday, September 11th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01). The company had revenue of C$33.32 million for the quarter, compared to analyst estimates of C$31.74 million. NanoXplore had a negative net margin of 8.44% and a negative return on equity of 9.44%.

Other equities research analysts have also issued research reports about the company. National Bankshares lowered their price objective on NanoXplore from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Raymond James lowered their price target on shares of NanoXplore from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a report on Friday.

NanoXplore Stock Up 1.0 %

NanoXplore stock opened at C$2.03 on Monday. NanoXplore has a 52 week low of C$2.00 and a 52 week high of C$3.64. The firm has a market cap of C$343.84 million, a price-to-earnings ratio of -33.83 and a beta of 1.12. The business’s 50-day moving average price is C$2.58 and its 200 day moving average price is C$3.01. The company has a quick ratio of 2.01, a current ratio of 2.48 and a debt-to-equity ratio of 20.62.

About NanoXplore

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.