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Kogan.com ( (AU:KGN) ) has shared an announcement.
Kogan.com has announced an update on its ongoing share buy-back program, reporting the acquisition of 62,117 ordinary fully paid securities on the previous day, bringing the total number of shares bought back to over 10 million. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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 an e-commerce company that operates in the online retail industry, offering a wide range of consumer goods including electronics, home appliances, and lifestyle products. The company primarily focuses on the Australian market, providing customers with competitive pricing and a diverse product selection.
Average Trading Volume: 575,367
Technical Sentiment Signal: Sell
Current Market Cap: A$323.8M
For a thorough assessment of KGN stock, go to TipRanks’ Stock Analysis page.