NowVertical Group (CVE:NOW) Stock Price Up 9.3% – Still a Buy?

NowVertical Group Inc. (CVE:NOW)’s stock price traded up 9.3% during trading on Wednesday . The stock traded as high as C$0.30 and last traded at C$0.30. 106,000 shares were traded during trading, a decline of 11% from the average session volume of 118,743 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

Separately, Cormark raised NowVertical Group to a “moderate buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

NowVertical Group Stock Performance

The company’s 50 day moving average price is C$0.27 and its 200-day moving average price is C$0.28. The company has a market cap of C$25.43 million, a price-to-earnings ratio of -26.00 and a beta of 2.96.

NowVertical Group Company Profile

NowVertical Group Inc, together with its subsidiaries, operates as a big data, analytics, and vertical intelligence company in the United States, Argentina, Brazil, Chile, the United Kingdom, and internationally. The company offers NOW Fusion solution that creates a flexible distributed data processing pipeline; NOW DataBench solutions for data analytics; NOW Privacy solution, which reveals the risk across the entire data estate; and NOW SnowGraph solutions that provides one-to-many graph analytics framework.