Cormark Issues Pessimistic Forecast for NanoXplore Earnings

NanoXplore Inc. (TSE:GRA) – Cormark decreased their FY2025 earnings per share (EPS) estimates for NanoXplore in a report released on Thursday, February 13th. Cormark analyst M. Whale now forecasts that the company will earn ($0.04) per share for the year, down from their previous forecast of ($0.02). The consensus estimate for NanoXplore’s current full-year earnings is $0.02 per share.

Several other research firms have also recently commented on GRA. Royal Bank of Canada reduced their target price on shares of NanoXplore from C$3.25 to C$3.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. National Bankshares reduced their price objective on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Raymond James cut NanoXplore from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$4.00 to C$3.00 in a research report on Thursday, February 13th.

NanoXplore Stock Performance

TSE:GRA opened at C$2.32 on Monday. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The firm has a market cap of C$397.49 million, a price-to-earnings ratio of -35.73 and a beta of 1.26. The firm’s fifty day moving average price is C$2.41 and its 200 day moving average price is C$2.37. NanoXplore has a 1-year low of C$2.03 and a 1-year high of C$2.96.

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.