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Catalyst Media ( (GB:CMX) ) just unveiled an announcement.
Catalyst Media Group PLC has repurchased 180,102 of its own ordinary shares at a price of 50p each, utilizing its pre-existing authority from the annual general meeting. This transaction reduces the number of shares available for public trading and increases the shares held in treasury, impacting the company’s voting rights calculations and potentially signaling confidence in its market value.
The most recent analyst rating on (GB:CMX) stock is a Hold with a £60.00 price target. To see the full list of analyst forecasts on Catalyst Media stock, see the GB:CMX Stock Forecast page.
Spark’s Take on GB:CMX Stock
According to Spark, TipRanks’ AI Analyst, GB:CMX is a Neutral.
Catalyst Media’s overall stock score is primarily influenced by its mixed financial performance and technical analysis. While the company maintains a strong balance sheet, operational inefficiencies and negative cash flows are concerning. Technical indicators show potential bullish momentum, but oversold conditions add uncertainty. The high dividend yield is a positive aspect, but the negative P/E ratio highlights valuation challenges.
To see Spark’s full report on GB:CMX stock, click here.
More about Catalyst Media
Catalyst Media Group PLC operates in the media industry, focusing on investments and strategic partnerships. The company is listed on the AIM market under the ticker CMX and engages in acquiring and managing media-related assets.
Average Trading Volume: 1,942
Technical Sentiment Signal: Strong Sell
Current Market Cap: £11.04M
See more data about CMX stock on TipRanks’ Stock Analysis page.