Claim 70% Off TipRanks This Holiday Season
- 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
Datametrex AI ( (TSE:DM) ) just unveiled an announcement.
Datametrex AI has closed its acquisition of the Yuzu payment processing solution, including associated patents and intellectual property, from Canadian fintech firm Firstpayment Inc. for $5.5 million, paid in 55 million Datametrex shares. The deal, executed through subsidiary Paymetrex, strengthens Datametrex’s push into advanced digital and cryptocurrency payment technologies and is expected to support the integration of Yuzu into its technology division and the pursuit of new merchant relationships to drive revenue, without changing the company’s core business or control structure. As part of the transaction, Firstpayment founder Michael Kron has joined Datametrex’s board and will serve as Vice President of Paymetrex, and now holds approximately 12.15% of Datametrex’s outstanding common shares, triggering early warning disclosure requirements under Canadian securities rules.
The most recent analyst rating on (TSE:DM) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Datametrex AI stock, see the TSE:DM Stock Forecast page.
Spark’s Take on TSE:DM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DM is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance, characterized by declining revenues and high leverage. Technical analysis also suggests a bearish trend. However, positive corporate events, including expansions and new purchase orders, provide some optimism for future growth.
To see Spark’s full report on TSE:DM stock, click here.
More about Datametrex AI
Datametrex AI Limited is a Canadian technology company listed on the TSX Venture Exchange that operates in artificial intelligence and digital solutions, and is expanding into fintech through its wholly owned subsidiary, Paymetrex Payment Solutions Inc. The company is building a portfolio of next-generation payment technologies, including cryptocurrency-enabled platforms, to serve merchants seeking secure and efficient digital payment processing.
Average Trading Volume: 117,539
Technical Sentiment Signal: Sell
Current Market Cap: C$7.32M
For a thorough assessment of DM stock, go to TipRanks’ Stock Analysis page.