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Catapult Group International ( (AU:CAT) ) has provided an update.
Catapult Sports Ltd has issued 19,461,078 new fully paid ordinary shares at A$6.68 each to professional and sophisticated investors as part of an institutional placement. This strategic move aims to strengthen the company’s financial position and support its ongoing operations, potentially enhancing its market presence and offering stakeholders improved value.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 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 Sports Ltd operates at the intersection of sports science and analytics, providing products designed to optimize athletic performance, prevent injuries, and enhance recovery. The company collaborates with over 4,600 teams across more than 40 sports in over 100 countries globally.
YTD Price Performance: 82.75%
Average Trading Volume: 1,578,515
Technical Sentiment Signal: Buy
Current Market Cap: A$2.01B
For a thorough assessment of CAT stock, go to TipRanks’ Stock Analysis page.