Canaccord Genuity Group Issues Positive Forecast for LifeSpeak (TSE:LSPK) Stock Price

LifeSpeak (TSE:LSPK) had its price objective hoisted by investment analysts at Canaccord Genuity Group from C$0.30 to C$0.32 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 3.23% from the company’s current price.

Several other brokerages have also issued reports on LSPK. Royal Bank of Canada decreased their price target on shares of LifeSpeak from C$0.20 to C$0.10 and set an “underperform” rating for the company in a research note on Tuesday, April 1st. TD Securities lowered their target price on LifeSpeak from C$0.35 to C$0.30 and set a “hold” rating on the stock in a report on Tuesday, April 1st.

LifeSpeak Stock Performance

LifeSpeak stock traded up C$0.12 during trading on Monday, hitting C$0.31. The stock had a trading volume of 24,300 shares, compared to its average volume of 9,524. The stock has a market cap of C$19.44 million, a price-to-earnings ratio of -0.71, a price-to-earnings-growth ratio of -0.01 and a beta of 0.94. The company has a quick ratio of 0.40, a current ratio of 0.09 and a debt-to-equity ratio of 671.99. The stock’s 50 day moving average is C$0.29 and its two-hundred day moving average is C$0.38. LifeSpeak has a 1 year low of C$0.11 and a 1 year high of C$0.64.

About LifeSpeak

LifeSpeak Inc provides software-as-a-service platform for digital mental, physical, and wellbeing resources worldwide. It offers digital educational resources, such as consumable videos, podcasts, and articles for depression, stress management, and financial health; and on-demand workout library, and automated and live sessions in various areas, including general fitness, nutrition, mindfulness, cardio, strength, yoga, pre-natal, pilates, etc.