NanoXplore (TSE:GRA) Stock Price Up 0.4% – Still a Buy?

NanoXplore Inc. (TSE:GRA)’s share price traded up 0.4% on Tuesday . The company traded as high as C$2.53 and last traded at C$2.50. 53,214 shares traded hands during trading, a decline of 65% from the average session volume of 151,939 shares. The stock had previously closed at C$2.49.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial lifted their price target on NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$3.08.

NanoXplore Stock Up 0.4%

The company’s fifty day simple moving average is C$2.42 and its 200-day simple moving average is C$2.66. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The firm has a market capitalization of C$453.57 million, a PE ratio of -41.67 and a beta of 0.22.

NanoXplore (TSE:GRA) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$23.44 million for the quarter. NanoXplore had a negative net margin of 8.09% and a negative return on equity of 10.48%. On average, analysts forecast that NanoXplore Inc. will post 0.02 EPS for the current year.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.