Kooth (LON:KOO) Stock Price Down 15.9% – What’s Next?

Kooth plc (LON:KOO) shares dropped 15.9% during mid-day trading on Thursday . The stock traded as low as GBX 190 ($2.47) and last traded at GBX 190 ($2.47). Approximately 106,659 shares changed hands during trading, an increase of 82% from the average daily volume of 58,456 shares. The stock had previously closed at GBX 226 ($2.93).

Wall Street Analyst Weigh In

KOO has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.53) target price on shares of Kooth in a research note on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 ($7.66) target price on shares of Kooth in a research note on Tuesday, September 17th.

Kooth Stock Performance

The firm’s 50-day moving average price is GBX 303.17 and its two-hundred day moving average price is GBX 299.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 2.19. The stock has a market cap of £65.12 million, a price-to-earnings ratio of 1,487.50 and a beta of 0.71.

Kooth Company Profile

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.