NanoXplore (TSE:GRA) Issues Earnings Results

NanoXplore (TSE:GRA) posted its quarterly earnings results on Thursday. The company reported C($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. NanoXplore had a negative net margin of 10.30% and a negative return on equity of 11.28%. The firm had revenue of C$25.51 million for the quarter.

NanoXplore Price Performance

Shares of TSE GRA opened at C$2.18 on Friday. NanoXplore has a 1-year low of C$1.67 and a 1-year high of C$3.34. The business has a 50-day moving average of C$2.05 and a 200-day moving average of C$2.29. The company has a debt-to-equity ratio of 37.71, a current ratio of 3.24 and a quick ratio of 2.01. The company has a market capitalization of C$395.52 million, a price-to-earnings ratio of -31.14 and a beta of 0.06.

Analysts Set New Price Targets

Separately, Ventum Financial boosted their price target on NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NanoXplore has a consensus rating of “Hold” and a consensus target price of C$3.10.

Insider Activity

In other NanoXplore news, insider Rocco Marinaccio purchased 53,000 shares of NanoXplore stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased 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 owned 290,830 shares of the company’s stock, valued at approximately C$555,485.30. This trade represents a 22.28% increase in their position. Also, insider Pedro Azevedo Azevedo purchased 58,000 shares of NanoXplore stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired 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 C$162,350. The trade was a 214.81% increase in their position. Insiders bought 116,000 shares of company stock valued at $221,510 in the last ninety days. Company 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.