NanoXplore (GRA) Set to Announce Quarterly Earnings on Wednesday

NanoXplore (TSE:GRA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C($0.02) per share for the quarter.

NanoXplore (TSE:GRA) last released its quarterly earnings data on Wednesday, September 18th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). NanoXplore had a negative return on equity of 10.42% and a negative net margin of 8.97%. The company had revenue of C$38.13 million for the quarter, compared to the consensus estimate of C$37.37 million.

NanoXplore Stock Performance

NanoXplore stock opened at C$2.48 on Tuesday. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.08 and a quick ratio of 2.01. NanoXplore has a 1 year low of C$1.87 and a 1 year high of C$2.96. The business has a 50 day moving average of C$2.40 and a 200-day moving average of C$2.45. The company has a market capitalization of C$423.11 million, a P/E ratio of -35.43 and a beta of 1.26.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded NanoXplore to a “strong-buy” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$3.75.

About NanoXplore

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.