Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Comprehensive Healthcare Systems Inc ( (TSE:CHS) ) has issued an announcement.
Comprehensive Healthcare Systems Inc. announced a non-brokered private placement of up to 7 million units at $0.50 per unit to raise as much as $3.5 million, with each unit comprising one common share and half a warrant exercisable at $1.00 for three years, to fund general working capital. The company also plans to settle approximately US$893,250 in liabilities by issuing up to 2,465,369 common shares at $0.50 per share, moves that collectively aim to strengthen its balance sheet and liquidity, subject to customary closing conditions and TSX Venture Exchange approval.
The most recent analyst rating on (TSE:CHS) stock is a Hold with a C$0.47 price target. To see the full list of analyst forecasts on Comprehensive Healthcare Systems Inc stock, see the TSE:CHS Stock Forecast page.
Spark’s Take on TSE:CHS Stock
According to Spark, TipRanks’ AI Analyst, TSE:CHS is a Neutral.
The score is primarily held down by weak financial quality—persistent losses, renewed TTM cash burn, and especially deeply negative equity—despite strong revenue/gross-margin improvements. Technicals are soft with the stock below key short- and mid-term moving averages, while valuation remains challenged due to negative earnings. A positive 5-year contract provides an offsetting catalyst but does not fully mitigate the balance-sheet and profitability risks.
To see Spark’s full report on TSE:CHS stock, click here.
More about Comprehensive Healthcare Systems Inc
Comprehensive Healthcare Systems Inc., based in Alberta, is a vertically integrated software-as-a-service company specializing in healthcare benefits administration. Its flagship Novus 360 HWBA platform supports high-volume, digital healthcare benefits processing for self-funded employers, providers and labor unions, delivering administrative software and technology-enabled services to streamline benefits management.
Average Trading Volume: 23,374
Technical Sentiment Signal: Hold
Current Market Cap: C$10.41M
See more data about CHS stock on TipRanks’ Stock Analysis page.