Ventum Financial Increases NanoXplore (TSE:GRA) Price Target to C$4.00

NanoXplore (TSE:GRA) had its price objective upped by Ventum Financial from C$3.50 to C$4.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s price target suggests a potential upside of 49.25% from the stock’s current price.

NanoXplore Price Performance

Shares of NanoXplore stock opened at C$2.68 on Monday. NanoXplore has a 1-year low of C$2.12 and a 1-year high of C$3.34. The firm has a fifty day simple moving average of C$2.37 and a 200-day simple moving average of C$2.65. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. The stock has a market capitalization of C$486.23 million, a price-to-earnings ratio of -44.67 and a beta of 0.40.

NanoXplore (TSE:GRA) last released its earnings results on Wednesday, November 12th. The company reported C($0.02) earnings per share for the quarter. NanoXplore had a negative return on equity of 10.48% and a negative net margin of 8.09%.The firm had revenue of C$23.44 million for the quarter. On average, sell-side analysts expect that NanoXplore will post 0.02 earnings per share 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.