TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Stealth Global Holdings Ltd. ( (AU:SGI) ).
Stealth Global Holdings Ltd announced the successful completion of a $19.5 million capital raising through the issuance of 19.5 million fully paid ordinary shares to institutional and sophisticated investors. This move, which allows the company to issue shares without disclosure under specific provisions of the Corporations Act, is expected to enhance its financial position and support its growth strategy. The shares have commenced trading, marking a significant step in Stealth Global’s efforts to strengthen its market presence and operational capabilities.
The most recent analyst rating on (AU:SGI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Stealth Global Holdings Ltd. stock, see the AU:SGI Stock Forecast page.
More about Stealth Global Holdings Ltd.
Stealth Global Holdings Ltd is a diversified multi-channel distribution company in Australia, operating as a wholesaler, distributor, and retailer. It supplies products and solutions to businesses, trade professionals, and retail consumers through two main divisions: Industrial & Hardware Distribution and Consumer Products. The company utilizes an omnichannel model, including wholesale, company-owned branches, reseller networks, and e-commerce, supported by a national infrastructure and logistics operations.
Average Trading Volume: 182,115
Technical Sentiment Signal: Buy
Current Market Cap: A$156.1M
Find detailed analytics on SGI stock on TipRanks’ Stock Analysis page.