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Kogan.com Implements Financial Strategies Amidst Market Changes

Story Highlights
  • Kogan.com uses forward exchange contracts for inventory purchases, affecting financial statements.
  • Kogan.com conducted a $11.16 million share buy-back, impacting issued capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kogan.com Implements Financial Strategies Amidst Market Changes

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An update from Kogan.com ( (AU:KGN) ) is now available.

Kogan.com has implemented forward exchange contracts to manage inventory purchases in foreign currencies, opting not to adopt hedge accounting. This decision impacts the company’s financial statements as movements in fair value are recorded in the income statement. Additionally, Kogan.com has engaged in a share buy-back program, purchasing $11.16 million worth of shares in FY25, which reduces issued capital and affects shareholder equity.

The most recent analyst rating on (AU:KGN) stock is a Buy with a A$7.50 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

YTD Price Performance: -34.13%

Average Trading Volume: 357,104

Technical Sentiment Signal: Sell

Current Market Cap: A$400.2M

See more data about KGN stock on TipRanks’ Stock Analysis page.

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