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NexTech AR Solutions ( (TSE:NTAR) ) just unveiled an update.
Nextech3D.AI announced the termination of its planned sale of an 80% equity interest in its subsidiary, Toggle3D.ai, to TQG Technologies due to an inability to finalize the transaction structure within the required timelines. Toggle3D.ai, which remains a pre-revenue entity, has been placed on care and maintenance as it continues to seek strategic alternatives to enhance shareholder value, while Nextech3D.AI focuses on preserving cash resources.
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
Nextech3D.AI operates in the technology industry, focusing on augmented reality and 3D solutions. The company is known for its innovative products and services that cater to various market needs, including its spin-out subsidiary, Toggle3D.ai, which is involved in 3D technology development.
Average Trading Volume: 506,577
Technical Sentiment Signal: Buy
Current Market Cap: C$33.5M
For an in-depth examination of NTAR stock, go to TipRanks’ Overview page.