NanoXplore (TSE:GRA) Sets New 12-Month Low – Should You Sell?

NanoXplore Inc. (TSE:GRA) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$2.05 and last traded at C$2.06, with a volume of 140551 shares traded. The stock had previously closed at C$2.10.

Wall Street Analyst Weigh In

Separately, Ventum Financial raised their target price on shares of NanoXplore from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$3.10.

NanoXplore Price Performance

The stock has a 50 day moving average of C$2.42 and a two-hundred day moving average of C$2.56. The company has a debt-to-equity ratio of 37.71, a quick ratio of 2.01 and a current ratio of 3.24. The stock has a market cap of C$342.90 million, a PE ratio of -27.00 and a beta of 0.22.

NanoXplore (TSE:GRA) last announced its earnings results on Tuesday, February 10th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$27.58 million during the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.36%. Equities analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current year.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.