TeraGo (TSE:TGO) Sets New 52-Week High – What’s Next?

TeraGo Inc. (TSE:TGO)’s stock price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$1.50 and last traded at C$1.56, with a volume of 28351 shares trading hands. The stock had previously closed at C$1.32.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their price target on TeraGo from C$0.80 to C$1.25 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$1.25.

TeraGo Price Performance

The stock’s 50 day simple moving average is C$1.43 and its 200-day simple moving average is C$1.24. The firm has a market cap of C$60.90 million, a price-to-earnings ratio of -6.00, a price-to-earnings-growth ratio of -1.00 and a beta of 0.02. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03.

TeraGo (TSE:TGO) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) EPS for the quarter. The company had revenue of C$6.21 million for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%. Equities research analysts anticipate that TeraGo Inc. will post -0.49 EPS for the current fiscal year.

TeraGo Company Profile

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.