Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Zonetail ( (TSE:ZONE) ) has shared an update.
Zonetail Inc. has closed the third and final tranche of its non-brokered private placement, raising an additional $40,000 and bringing total proceeds to $437,500, below the initially targeted $1,000,000. The company plans to allocate the new capital toward completing its rent reporting portal, advancing technology development projects, funding sales and marketing initiatives, covering salaries and supporting general working capital, with the financing expected to bolster its product roadmap and commercial efforts in the high-rise residential technology market, though all issued securities will be subject to a standard four-month-plus-one-day hold period.
The most recent analyst rating on (TSE:ZONE) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on Zonetail stock, see the TSE:ZONE Stock Forecast page.
Spark’s Take on TSE:ZONE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZONE is a Neutral.
The score is weighed down primarily by very weak financial performance (shrinking revenue, negative gross profit, ongoing losses, cash burn, and negative equity). Technicals also remain unfavorable with a clear downtrend, partially offset by oversold signals. Corporate events provide a modest positive offset via financing and product/partnership momentum, while valuation offers limited support due to a negative P/E and no dividend yield.
To see Spark’s full report on TSE:ZONE stock, click here.
More about Zonetail
Zonetail Inc. (TSXV: ZONE) is a Toronto-based mobile platform and market network focused on high-rise residential buildings. Its technology aims to help residents better manage their homes by connecting them with products, amenities and services through a state-of-the-art mobile app, targeting the hard-to-reach high-rise residential vertical and positioning itself as a search engine to optimize home living.
YTD Price Performance: 50.0%
Average Trading Volume: 93,481
Technical Sentiment Signal: Sell
Current Market Cap: C$4.21M
See more data about ZONE stock on TipRanks’ Stock Analysis page.