In a report released on May 22, from ATB Cormark Capital Markets maintained a Buy rating on Abaxx Technologies Inc, with a price target of C$106.00. The company’s shares closed last Friday at C$59.29.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Currently, the analyst consensus on Abaxx Technologies Inc is a Moderate Buy with an average price target of C$93.25, a 57.28% upside from current levels. In a report released on May 21, Canaccord Genuity also maintained a Buy rating on the stock with a C$80.50 price target.
Based on Abaxx Technologies Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.46 million and a GAAP net loss of C$20 million. In comparison, last year the company earned a revenue of C$28.33 thousand and had a GAAP net loss of C$7.59 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABXX in relation to earlier this year.
