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Abaxx Technologies Inc ( (TSE:ABXX) ) has provided an update.
Abaxx Technologies Inc. has acquired a strategic position in ARTEX AG, a regulated trading venue for fine art, to expand its capabilities in Europe and enter new markets in fine art. This investment allows Abaxx to integrate its Digital Title and ID++ technology into ARTEX’s platform, providing access to a new regulated financial market and the opportunity to develop futures contracts based on a fine art price index. The partnership enhances Abaxx’s market infrastructure, offering transparency and liquidity to the historically opaque art market, and strengthens its position in the European market by accessing ARTEX’s network of institutional partners.
The most recent analyst rating on (TSE:ABXX) stock is a Buy with a C$81.00 price target. To see the full list of analyst forecasts on Abaxx Technologies Inc stock, see the TSE:ABXX Stock Forecast page.
Spark’s Take on TSE:ABXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.
Abaxx Technologies Inc. has strong revenue growth and a solid balance sheet, but it remains unprofitable with negative cash flow, significantly impacting its financial performance score. Technical analysis points to a stable stock price without significant upward momentum. Valuation metrics are poor due to negative profitability. However, strategic corporate events positively influence the overall score by enhancing financial stability and market potential.
To see Spark’s full report on TSE:ABXX stock, click here.
More about Abaxx Technologies Inc
Abaxx Technologies Inc. is a financial software and market infrastructure company that owns Abaxx Commodity Exchange and Clearinghouse. The company is also known for producing the SmarterMarkets™ Podcast and focuses on developing market infrastructure and technology solutions for financial markets.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
For a thorough assessment of ABXX stock, go to TipRanks’ Stock Analysis page.