Fonix Mobile (LON:FNX) Trading 12.5% Higher - Still a Buy?

Key Points

• Shares jumped 12.5% on Friday to GBX 175 (intraday high GBX 176) with volume ~31% above the average, signaling elevated investor interest.
• Canaccord Genuity reiterated a Buy rating with a GBX 293 price target, and the consensus rating for the stock is currently Buy with an average target of GBX 293.
• Key fundamentals: market cap £173.03m, P/E 15.63, recent quarterly EPS GBX 6.20 (analysts forecast ~10.91 EPS for the year), with a net margin of 14.66% and a notably high ROE 104.64%.

Fonix Mobile plc (LON:FNX - Get Free Report) shares traded up 12.5% during trading on Friday . The company traded as high as GBX 176 and last traded at GBX 175. 275,266 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 209,952 shares. The stock had previously closed at GBX 155.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 293 price objective on shares of Fonix Mobile in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 293.

Fonix Mobile Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.12. The stock's 50-day moving average is GBX 160.17 and its 200 day moving average is GBX 174.98. The firm has a market cap of £173.03 million, a P/E ratio of 15.63 and a beta of 0.51.

Fonix Mobile (LON:FNX - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 6.20 EPS for the quarter. Fonix Mobile had a net margin of 14.66% and a return on equity of 104.64%. On average, research analysts predict that Fonix Mobile plc will post 10.9108622 earnings per share for the current year.

About Fonix Mobile

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.

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