NanoXplore (TSE:GRA) Trading Up 4.8% - Still a Buy?

Key Points

• NanoXplore shares rose 4.8% to C$2.17 on Wednesday, and Ventum Financial raised its price target to C$4 with a "Buy" rating while the consensus remains a "Hold" with a C$3.10 target.
• The company is still unprofitable—reporting C($0.02) EPS last quarter and a negative net margin—yet shows healthy short-term liquidity (current ratio 3.24) and a market cap of about C$393.7 million.
• Insiders bought 116,000 shares (≈C$221,510) in the past 90 days, bringing insider ownership to roughly 29.8% of the company.

NanoXplore Inc. (TSE:GRA - Get Free Report) rose 4.8% on Wednesday . The stock traded as high as C$2.19 and last traded at C$2.17. Approximately 134,465 shares changed hands during trading, a decline of 39% from the average daily volume of 221,588 shares. The stock had previously closed at C$2.07.

Wall Street Analysts Forecast Growth

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

NanoXplore Stock Performance

The company has a current ratio of 3.24, a quick ratio of 2.01 and a debt-to-equity ratio of 37.71. The firm's 50-day simple moving average is C$2.05 and its 200-day simple moving average is C$2.28. The company has a market capitalization of C$393.70 million, a PE ratio of -31.00 and a beta of 0.08.

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

Insider Activity at NanoXplore

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

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.

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