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Catapult Group International ( (AU:CAT) ) just unveiled an announcement.
Catapult Group International Ltd has announced a proposed issue of 10,294,411 ordinary fully paid securities, as part of a placement or other type of issue. This move is expected to impact the company’s operations by potentially increasing its capital base, thereby enhancing its market positioning and providing additional resources for growth and development. The announcement signifies a strategic effort to strengthen its financial standing and expand its influence in the sports technology market.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Group International Ltd operates in the sports technology industry, providing performance analytics and wearable technology solutions to enhance athlete performance and team management. The company focuses on delivering innovative products and services to sports teams and organizations globally.
Average Trading Volume: 1,592,423
Technical Sentiment Signal: Buy
Current Market Cap: A$1.49B
For a thorough assessment of CAT stock, go to TipRanks’ Stock Analysis page.