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An update from Kogan.com ( (AU:KGN) ) is now available.
Kogan.com Ltd has announced a one-off, non-cash goodwill impairment related to its acquisition of Mighty Ape, following annual impairment testing. This decision was driven by lower-than-expected trading performance and a slower recovery from technology challenges, exacerbated by a challenging retail environment in New Zealand. Despite this, Kogan.com remains confident in Mighty Ape’s future performance and emphasizes that the impairment will not affect Adjusted EBITDA.
The most recent analyst rating on (AU:KGN) stock is a Buy with a A$8.20 price target. To see the full list of analyst forecasts on Kogan.com stock, see the AU:KGN Stock Forecast page.
More about Kogan.com
Kogan.com is a diversified portfolio of retail and services businesses, including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Money, Kogan Energy, Kogan Travel, Dick Smith, Matt Blatt, Mighty Ape, Mighty Ape Mobile, Mighty Ape Marketplace, and Brosa. Known for its digital efficiency and price leadership, Kogan.com focuses on delivering remarkable value to help customers live their best lives.
YTD Price Performance: -34.62%
Average Trading Volume: 395,376
Technical Sentiment Signal: Sell
Current Market Cap: A$397.3M
For a thorough assessment of KGN stock, go to TipRanks’ Stock Analysis page.