Ventum Financial Boosts NanoXplore (TSE:GRA) Price Target to C$4.00

NanoXplore (TSE:GRA) had its target price raised by research analysts at Ventum Financial from C$3.50 to C$4.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price target points to a potential upside of 43.88% from the stock’s previous close.

NanoXplore Stock Up 3.3%

Shares of NanoXplore stock traded up C$0.09 on Monday, hitting C$2.78. The company had a trading volume of 404,721 shares, compared to its average volume of 183,297. The stock has a 50-day moving average of C$2.35 and a 200-day moving average of C$2.64. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. NanoXplore has a twelve month low of C$2.12 and a twelve month high of C$3.34. The firm has a market capitalization of C$504.37 million, a P/E ratio of -46.33 and a beta of 0.40.

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

About NanoXplore

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.