NanoXplore (TSE:GRA) Hits New 52-Week Low – What’s Next?

NanoXplore Inc. (TSE:GRA) hit a new 52-week low on Monday . The company traded as low as C$1.81 and last traded at C$1.89, with a volume of 67080 shares. The stock had previously closed at C$1.86.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial boosted their price objective on NanoXplore from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$3.10.

NanoXplore Price Performance

The company has a current ratio of 3.24, a quick ratio of 2.01 and a debt-to-equity ratio of 37.71. The company has a market capitalization of C$342.90 million, a P/E ratio of -27.00 and a beta of -0.05. The business’s fifty day moving average price is C$2.39 and its 200-day moving average price is C$2.54.

NanoXplore (TSE:GRA) last released its earnings results on Tuesday, February 10th. The company reported C($0.02) EPS for the quarter. NanoXplore had a negative net margin of 10.36% and a negative return on equity of 11.28%. The firm had revenue of C$27.58 million during the quarter. As a group, sell-side analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current fiscal 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.