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An update from NexTech AR Solutions ( (TSE:NTAR) ) is now available.
Nextech3D.ai has announced a definitive agreement to acquire the remaining shares of ARway, a company it spun out in 2022, to streamline operations and consolidate its technology stack. This acquisition is expected to reduce costs, accelerate product innovation, and create a more unified event technology platform by integrating AI, AR, and navigation technologies, ultimately strengthening Nextech’s position in the global events industry.
The most recent analyst rating on (TSE:NTAR) stock is a Hold with a C$0.16 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 faces significant financial challenges, with declining revenues, persistent losses, and negative equity, which are the most impactful factors on its stock score. Technical analysis shows mixed signals, with some short-term support but overall bearish momentum. The valuation is unattractive due to a negative P/E ratio and no dividend yield, further weighing 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 3D modeling and event technology company focused on providing innovative solutions for the global events industry. The company aims to enhance its offerings through advanced technologies such as AI, AR, and 3D tools, with a focus on growing its recurring SaaS revenue.
Average Trading Volume: 475,896
Technical Sentiment Signal: Buy
Current Market Cap: C$36.57M
Learn more about NTAR stock on TipRanks’ Stock Analysis page.