Kooth (LON:KOO) Shares Down 7.2% - Time to Sell?

Key Points

• Kooth plc's shares decreased by 7.2% during trading, dropping from a previous close of GBX 181 ($2.43) to a low of GBX 160 ($2.15).
• Despite the recent decline, analysts from Canaccord Genuity and Berenberg Bank maintain a "buy" rating, with target prices set at GBX 490 ($6.58) and GBX 300 ($4.03), respectively.
• The company has a market capitalization of £60.01 million and a P/E ratio of 15.36, indicating a stable financial standing amidst market fluctuations.

Kooth plc (LON:KOO - Get Free Report) shares were down 7.2% during trading on Monday . The stock traded as low as GBX 160 ($2.12) and last traded at GBX 168 ($2.23). Approximately 105,338 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 95,990 shares. The stock had previously closed at GBX 181 ($2.40).

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 490 ($6.50) price target on shares of Kooth in a research report on Monday. Berenberg Bank restated a "buy" rating and set a GBX 300 ($3.98) price target on shares of Kooth in a research note on Tuesday, April 15th.

Kooth Price Performance

The business's 50-day moving average price is GBX 177.82 and its 200 day moving average price is GBX 158.48. The stock has a market capitalization of £58.36 million, a PE ratio of 14.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 2.19.

About Kooth

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.