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Kogan.com ( (AU:KGN) ) has shared an update.
Kogan.com has continued its on-market share buy-back program, reporting that it had repurchased a total of 10,917,202 ordinary fully paid shares prior to the latest trading day and a further 211,171 shares on the previous day. The ongoing daily buy-back notifications indicate that the company is actively reducing its share count, which can signal management’s confidence in the business, potentially enhance earnings per share, and impact the liquidity and valuation of KGN stock for existing shareholders.
The most recent analyst rating on (AU:KGN) stock is a Hold with a A$3.50 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 Ltd is an Australian-listed online retailer that sells a wide range of consumer goods and services through its digital platform, focusing on value-conscious customers. The company’s ordinary fully paid shares trade on the ASX under the code KGN.
Average Trading Volume: 432,215
Technical Sentiment Signal: Hold
Current Market Cap: A$375.4M
For detailed information about KGN stock, go to TipRanks’ Stock Analysis page.