Boku (LON:BOKU) Stock Price Up 3.4% - Here's What Happened

Key Points

• Boku, Inc. shares increased by 3.4% to a trading price of GBX 226 ($3.04) during mid-day trading, despite a 40% decline in volume compared to the average.
• Canaccord Genuity reaffirmed a "buy" rating for Boku, with a target price of GBX 271, aligning with the stock's average rating of "Buy."
• Boku has strong financial metrics, with a current ratio of 1.27 and a market capitalization of £838.56 million, suggesting solid liquidity and overall company value.

Boku, Inc. (LON:BOKU - Get Free Report) shares rose 3.4% during trading on Wednesday . The stock traded as high as GBX 231 ($3.11) and last traded at GBX 226 ($3.05). Approximately 519,259 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 870,456 shares. The stock had previously closed at GBX 218.50 ($2.95).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 271 price objective on shares of Boku in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 271.

Boku Stock Up 1.3%

The firm's 50-day simple moving average is GBX 214.53 and its 200 day simple moving average is GBX 182.13. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.38 and a current ratio of 1.27. The stock has a market capitalization of £849.69 million, a P/E ratio of 118.32 and a beta of -0.11.

Boku Company Profile

Boku Inc AIM: BOKU is a global network of localised payment solutions. Through a single integration, Boku provides access to a comprehensive network of digital wallets, direct carrier billing, and account-to-account (A2A) real-time payment schemes - reaching over 7 billion consumer payment accounts worldwide.