NanoXplore (TSE:GRA) Sets New 52-Week High - Time to Buy?

Key Points

• NanoXplore Inc. shares reached a new 12-month high of C$3.34 amidst significant trading volume, marking an increase from a previous close of C$3.21.
• Wall Street analysts have issued mixed reviews on the stock, with one rating a Strong Buy and four giving it a Hold rating, leading to a consensus price target of C$2.77.
• The company specializes in high-volume graphene powder production, primarily serving industrial markets in the United States.

NanoXplore Inc. (TSE:GRA - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$3.34 and last traded at C$3.30, with a volume of 95914 shares traded. The stock had previously closed at C$3.21.

Wall Street Analyst Weigh In

GRA has been the subject of a number of recent research reports. National Bankshares lowered NanoXplore from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$3.00 to C$2.80 in a research note on Thursday, May 22nd. National Bank Financial raised shares of NanoXplore to a "hold" rating in a research report on Sunday, June 8th. Finally, Royal Bank Of Canada cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$3.00 to C$2.50 in a research report on Wednesday, May 21st. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$2.77.

NanoXplore Price Performance

The business has a fifty day moving average of C$2.90 and a 200 day moving average of C$2.57. 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 has a market cap of C$528.88 million, a PE ratio of -51.67 and a beta of 0.50.

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.