NanoXplore (TSE:GRA) Shares Down 0.5% - Should You Sell?

Key Points

• Shares traded down 0.5% to C$2.21 on Wednesday on very light volume (25,929 shares, an 89% drop from the average), with the price sitting between the 50‑day (C$2.08) and 200‑day (C$2.34) moving averages and a market cap of C$400.96M.
• Analyst sentiment is mixed: Ventum Financial upgraded the stock to a Buy and raised its target to C$4.00, but the consensus rating is a Hold with an average target of C$3.10.
• Fundamentals show a recent quarterly loss (EPS C($0.02)) and negative net margin/ROE despite C$25.51M in revenue, while insiders have been buying stock (116,000 shares in the last 90 days) and now own 29.82% of the company.

Shares of NanoXplore Inc. (TSE:GRA - Get Free Report) traded down 0.5% on Wednesday . The stock traded as low as C$2.19 and last traded at C$2.21. 25,929 shares traded hands during trading, a decline of 89% from the average session volume of 243,997 shares. The stock had previously closed at C$2.22.

Analyst Upgrades and Downgrades

Separately, Ventum Financial upped their price target on shares of NanoXplore from C$3.50 to C$4.00 and gave the stock a "buy" rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NanoXplore has an average rating of "Hold" and a consensus target price of C$3.10.

NanoXplore Stock Down 0.5%

The firm's 50-day moving average price is C$2.08 and its 200 day moving average price is C$2.34. The firm has a market cap of C$400.96 million, a P/E ratio of -31.57 and a beta of 0.06. The company has a quick ratio of 2.01, a current ratio of 3.24 and a debt-to-equity ratio of 37.71.

NanoXplore (TSE:GRA - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$25.51 million for the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%. As a group, research analysts expect that NanoXplore Inc. will post 0.02 earnings per share for the current year.

Insider Activity

In related news, insider Rocco Marinaccio acquired 53,000 shares of NanoXplore stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average price of C$1.91 per share, with a total value of C$101,230.00. Following the completion of the acquisition, the insider directly owned 290,830 shares of the company's stock, valued at C$555,485.30. This trade represents a 22.28% increase in their position. Also, insider Pedro Azevedo Azevedo acquired 58,000 shares of NanoXplore stock in a transaction that occurred on Wednesday, March 25th. The stock was bought at an average cost of C$1.91 per share, with a total value of C$110,780.00. Following the acquisition, the insider directly owned 85,000 shares of the company's stock, valued at approximately C$162,350. This trade represents a 214.81% increase in their ownership of the stock. Insiders purchased 116,000 shares of company stock valued at $221,510 in the last ninety days. Corporate insiders own 29.82% of the company's stock.

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.

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