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Xtract One ( (TSE:XTRA) ) has shared an announcement.
Xtract One Technologies has successfully closed an $8 million bought deal public offering, with full exercise of the over-allotment option. The proceeds from this offering will be used for working capital and general corporate purposes, potentially strengthening the company’s operational capabilities and market position in the security solutions industry.
The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$0.80 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 faces significant profitability and cash flow challenges, resulting in a low valuation score. Although recent corporate events and earnings guidance show potential for future growth, the current financial and technical indicators suggest caution.
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. The company specializes in unobtrusive weapons and threat detection systems designed to enhance safety and provide seamless ‘Walk-right-In’ experiences. Their solutions cater to various sectors, including schools, hospitals, arenas, and manufacturing facilities, positioning them as a market leader in security and user experience.
Average Trading Volume: 148,759
Technical Sentiment Signal: Sell
Current Market Cap: C$77.54M
For an in-depth examination of XTRA stock, go to TipRanks’ Overview page.