NanoXplore (TSE:GRA) Reaches New 1-Year High - Time to Buy?

Key Points

• NanoXplore Inc. achieved a new 52-week high of C$3.10, closing at the same price with a trading volume of 102,263 shares.
• Analyst ratings have fluctuated, with Royal Bank of Canada and National Bankshares downgrading their ratings to "sector perform" and lowering price targets, while National Bank Financial upgraded it to a "hold" rating.
• The company specializes in manufacturing high-volume graphene powder for diverse industrial applications and generates most of its revenue from the U.S.

NanoXplore Inc. (TSE:GRA - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$3.10 and last traded at C$3.10, with a volume of 102263 shares changing hands. The stock had previously closed at C$3.00.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$3.00 to C$2.50 in a research report on Wednesday, May 21st. National Bank Financial raised shares of NanoXplore to a "hold" rating in a research report on Sunday, June 8th. Finally, National Bankshares lowered shares of NanoXplore from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from C$3.00 to C$2.80 in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NanoXplore currently has an average rating of "Hold" and a consensus price target of C$2.77.

NanoXplore Stock Performance

The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The stock's 50 day simple moving average is C$2.52 and its two-hundred day simple moving average is C$2.45. The stock has a market cap of C$500.30 million, a P/E ratio of -44.97 and a beta of 1.26.

About NanoXplore

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.