TeraGo (TSE:TGO) Hits New 52-Week High – What’s Next?

TeraGo Inc. (TSE:TGO) shares hit a new 52-week high on Wednesday. The company traded as high as C$1.60 and last traded at C$1.60, with a volume of 10752 shares trading hands. The stock had previously closed at C$1.40.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their price objective on shares of TeraGo from C$0.80 to C$1.25 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$1.25.

TeraGo Stock Performance

The firm’s 50 day moving average is C$1.41 and its two-hundred day moving average is C$1.22. The stock has a market capitalization of C$57.77 million, a PE ratio of -5.69, a P/E/G ratio of -1.00 and a beta of 0.46. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03.

TeraGo (TSE:TGO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$6.21 million during the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. As a group, research analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current year.

TeraGo Company Profile

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.