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NexTech AR Solutions ( (TSE:NTAR) ) has provided an update.
Nextech3D.ai has announced its intention to acquire Eventdex, a company specializing in event registration and badge printing, in an all-cash deal valued at approximately $700,000. This acquisition is expected to enhance Nextech3D.ai’s capabilities as a comprehensive event technology suite, particularly by accelerating the launch of its blockchain ticketing solution. The integration of Eventdex’s technology will enable Nextech3D.ai to offer a unified platform for event management, which includes fraud-resistant, tokenized tickets and programmable rights, thereby simplifying operations and enhancing the attendee experience.
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.
The overall stock score is primarily impacted by the company’s poor financial performance, which raises concerns about its sustainability. Despite positive technical indicators suggesting potential short-term gains, the negative valuation metrics further weigh down the score.
To see Spark’s full report on TSE:NTAR stock, click here.
More about NexTech AR Solutions
Nextech3D.ai is an AI-first technology company that specializes in event solutions and 3D modeling. Through its Map D platform, the company supports numerous events annually by providing interactive floor plans, exhibitor management, sponsorships, mobile apps, and ticketing services. Additionally, Nextech3D.ai offers AI-powered 3D modeling and spatial computing solutions for major retailers and platforms.
Average Trading Volume: 646,958
Technical Sentiment Signal: Buy
Current Market Cap: C$38.98M
See more insights into NTAR stock on TipRanks’ Stock Analysis page.