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The latest update is out from iFabric ( (TSE:IFA) ).
iFabric’s subsidiary Intelligent Fabric Technologies (North America) Inc. has signed a licensing agreement with Australian bedding and sleep-essentials brand The Lad Collective to manufacture, market and distribute function-focused bedding products across North America. The partnership will combine The Lad Collective’s patented utility-led bedding features with iFabric’s advanced textile technologies, including its PROTX2 platform, to address what the companies see as a largely under-innovated bedding category and extend iFabric’s technology beyond apparel into home and bedding, potentially broadening its revenue base and strengthening its positioning in functional textiles.
The most recent analyst rating on (TSE:IFA) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on iFabric stock, see the TSE:IFA Stock Forecast page.
Spark’s Take on TSE:IFA Stock
According to Spark, TipRanks’ AI Analyst, TSE:IFA is a Neutral.
The score is primarily held back by weak cash generation (deeply negative TTM operating and free cash flow), despite strong revenue growth and a low-leverage balance sheet. Technicals show an uptrend but are overbought, and valuation is demanding with a ~36 P/E and no dividend yield provided.
To see Spark’s full report on TSE:IFA stock, click here.
More about iFabric
iFabric Corp., headquartered in Markham, Ontario, operates through subsidiaries including Intelligent Fabric Technologies (North America) Inc. and Coconut Grove Pads Inc. The company develops and commercializes performance apparel, advanced textile treatments and technologies, and specialty intimate apparel solutions, targeting markets where added functionality and fabric innovation can differentiate products.
Average Trading Volume: 16,669
Technical Sentiment Signal: Buy
Current Market Cap: C$60.6M
For an in-depth examination of IFA stock, go to TipRanks’ Overview page.