Nextech AR Solutions to Acquire Arway Corporation for Strategic Consolidation

NexTech AR Solutions ( (TSE:NTAR) ) has provided an update.

Nextech AR Solutions has announced plans to acquire all remaining shares of Arway Corporation, aiming to consolidate its technology stack and streamline operations. This strategic move is expected to reduce costs, accelerate product development, and enhance revenue growth by integrating Arway’s capabilities into Nextech’s Map Dynamics platform, despite previous challenges with Arway’s market performance and asset impairment.

The most recent analyst rating on (TSE:NTAR) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on NexTech AR Solutions stock, see the TSE:NTAR Stock Forecast page.

Spark’s Take on TSE:NTAR Stock

According to Spark, TipRanks’ AI Analyst, TSE:NTAR is a Neutral.

NexTech AR Solutions’ overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and negative equity. The technical analysis suggests a bearish trend, although there may be potential for a short-term rebound. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score.

To see Spark’s full report on TSE:NTAR stock, click here.

More about NexTech AR Solutions

Nextech AR Solutions operates in the augmented reality (AR) and artificial intelligence (AI) industry, focusing on providing innovative technology solutions for event management. Its primary products include the Map Dynamics event management platform, which offers features such as interactive floor plans, exhibitor management, and mobile apps, with a market focus on enhancing event experiences through technology integration.

Average Trading Volume: 506,577

Technical Sentiment Signal: Buy

Current Market Cap: C$33.5M

For a thorough assessment of NTAR stock, go to TipRanks’ Stock Analysis page.