TeraGo (TSE:TGO) Hits New 1-Year High – Should You Buy?

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

Analysts Set New Price Targets

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

TeraGo Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of -4,868.75. The stock has a market capitalization of C$62.46 million, a PE ratio of -6.15, a PEG ratio of -1.00 and a beta of 0.46. The business’s 50 day moving average is C$1.40 and its 200 day moving average is C$1.21.

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