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The latest announcement is out from Kogan.com ( (AU:KGN) ).
Kogan.com has announced an update on its ongoing share buy-back program, indicating the purchase of 61,367 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 9,984,394. This buy-back initiative reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value, signaling confidence in its financial health and future prospects.
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 is a prominent player in the e-commerce industry, primarily offering a wide range of consumer electronics, home appliances, and other consumer goods. The company focuses on providing affordable products through its online platform, catering to a diverse market seeking value for money.
YTD Price Performance: -46.05%
Average Trading Volume: 572,323
Technical Sentiment Signal: Sell
Current Market Cap: A$323.8M
See more insights into KGN stock on TipRanks’ Stock Analysis page.