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urban-gro ( (UGRO) ) has provided an announcement.
urban-gro, Inc. announced it received a delisting determination from Nasdaq due to non-compliance with certain listing rules, primarily related to filing delays and insufficient stockholders’ equity. The company plans to appeal the decision and has implemented a comprehensive strategy to address these challenges, including cost management, asset optimization, and exploring funding opportunities to strengthen its financial position and restore compliance.
The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.
Spark’s Take on UGRO Stock
According to Spark, TipRanks’ AI Analyst, UGRO is a Underperform.
urban-gro’s overall stock score is low due to significant financial, technical, and corporate challenges. The company’s negative profitability and weak balance sheet weigh heavily on its financial health. Additionally, technical indicators point to continued downward momentum, with substantial risks from potential Nasdaq delisting adding to investor concerns. While there is some improvement in cash flow, it is overshadowed by persistent financial and operational issues.
To see Spark’s full report on UGRO stock, click here.
More about urban-gro
urban-gro, Inc. is an integrated professional services and design-build firm offering architectural, engineering, and construction management solutions to sectors such as Controlled Environment Agriculture (CEA), industrial, and healthcare. The company operates across North America and Europe, focusing on innovation and collaboration to deliver exceptional customer experiences.
Average Trading Volume: 1,334,716
Technical Sentiment Signal: Sell
Current Market Cap: $4.57M
Find detailed analytics on UGRO stock on TipRanks’ Stock Analysis page.