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An update from Kogan.com ( (AU:KGN) ) is now available.
Kogan.com has announced an update on its ongoing share buy-back program, revealing that a total of 59,138 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 9,804,599 securities repurchased. This buy-back initiative is part of Kogan.com’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting its commitment to returning capital to shareholders and maintaining a robust financial position.
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, offering a wide range of consumer goods and services primarily through its online platform. The company focuses on providing affordable products by leveraging its direct-to-consumer model, catering to a broad market seeking value for money.
Average Trading Volume: 574,132
Technical Sentiment Signal: Sell
Current Market Cap: A$333.8M
See more insights into KGN stock on TipRanks’ Stock Analysis page.