Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Xtract One ( (TSE:XTRA) ).
Xtract One Technologies has been selected by Nova Scotia Health to deploy its SmartGateway systems across healthcare facilities in the province, aiming to enhance security and protect healthcare workers, patients, and visitors. This initiative addresses the increasing violence against healthcare workers and expands Xtract One’s presence in the Canadian healthcare sector, following successful deployments in other regions. The SmartGateway system, which uses AI-powered sensors for discreet and efficient weapons detection, was proven effective during a trial in Truro, Nova Scotia, and is expected to significantly bolster security measures and ensure safer environments in healthcare settings.
The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Xtract One stock, see the TSE:XTRA Stock Forecast page.
Spark’s Take on TSE:XTRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:XTRA is a Neutral.
Xtract One’s stock score is primarily influenced by its financial performance challenges, including ongoing losses and cash flow issues. However, positive technical indicators and a promising outlook from the earnings call, including strong backlog and market expansion, provide some optimism. Valuation concerns due to negative earnings weigh down the overall score.
To see Spark’s full report on TSE:XTRA stock, click here.
More about Xtract One
Xtract One Technologies is a leading provider of AI-driven threat detection and security solutions, specializing in unobtrusive weapons and threat detection systems. The company focuses on enhancing safety while ensuring seamless experiences for facility operators across various sectors, including schools, hospitals, and large venues.
Average Trading Volume: 507,965
Technical Sentiment Signal: Buy
Current Market Cap: C$156.6M
See more insights into XTRA stock on TipRanks’ Stock Analysis page.