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GURU Organic Energy Corp ( (TSE:GURU) ) just unveiled an announcement.
GURU Organic Energy Corp. has announced the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 5% of its outstanding shares over the next year. This strategic move is part of GURU’s efforts to enhance shareholder value, as the company believes its shares may be undervalued in the market. The repurchase plan is aligned with GURU’s broader strategy to grow market share and ensure sustainable long-term growth, while also providing flexibility in managing its capital and liquidity positions.
The most recent analyst rating on (TSE:GURU) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on GURU Organic Energy Corp stock, see the TSE:GURU Stock Forecast page.
Spark’s Take on TSE:GURU Stock
According to Spark, TipRanks’ AI Analyst, TSE:GURU is a Neutral.
GURU’s overall stock score is primarily influenced by its financial struggles, including profitability and cash flow challenges. The recent strategic distribution shift is a positive factor, offering potential for improved margins and growth. Technical indicators show mild positive momentum, but valuation remains a concern due to negative earnings.
To see Spark’s full report on TSE:GURU stock, click here.
More about GURU Organic Energy Corp
GURU Organic Energy Corp. is a fast-growing beverage company that pioneered the world’s first natural, plant-based energy drink in 1999. The company markets organic energy drinks in Canada and the United States through a distribution network of approximately 25,000 points of sale, as well as online through its website and Amazon. GURU is committed to offering energy drinks made from organic ingredients, including natural caffeine, without artificial sweeteners, sucralose, or aspartame, aiming to provide consumers with healthy energy options.
Average Trading Volume: 11,960
Technical Sentiment Signal: Sell
Current Market Cap: C$56.96M
See more insights into GURU stock on TipRanks’ Stock Analysis page.