Kooth (LON:KOO) Stock Price Up 7.6% – Here’s Why

Kooth plc (LON:KOO) rose 7.6% during mid-day trading on Wednesday . The company traded as high as GBX 152 and last traded at GBX 148. Approximately 84,281 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 106,127 shares. The stock had previously closed at GBX 137.50.

Analyst Upgrades and Downgrades

KOO has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 360 target price on shares of Kooth in a research note on Tuesday, April 21st. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 price target on shares of Kooth in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kooth has a consensus rating of “Buy” and a consensus price target of GBX 330.

Kooth Stock Up 9.1%

The stock’s 50-day moving average is GBX 121.94 and its 200-day moving average is GBX 122.11. The firm has a market cap of £54.41 million, a P/E ratio of 21.43 and a beta of 1.24.

Kooth (LON:KOO) last announced its earnings results on Wednesday, April 8th. The company reported GBX 0.07 earnings per share (EPS) for the quarter. Kooth had a net margin of 4.12% and a return on equity of 8.84%. The business had revenue of GBX 6,329 million for the quarter. As a group, analysts expect that Kooth plc will post 12.9798903 EPS for the current fiscal year.

About Kooth

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.