TeraGo (TSE:TGO) Sets New 12-Month High – Should You Buy?

TeraGo Inc. (TSE:TGO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$1.50 and last traded at C$1.40, with a volume of 3394 shares trading hands. The stock had previously closed at C$1.40.

Analyst Upgrades and Downgrades

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

TeraGo Stock Performance

The company has a quick ratio of 0.60, a current ratio of 1.03 and a debt-to-equity ratio of -4,868.75. The company has a market capitalization of C$54.65 million, a P/E ratio of -3.78, a P/E/G ratio of -1.00 and a beta of 0.45. The firm’s 50-day moving average price is C$1.33 and its 200 day moving average price is C$1.10.

TeraGo (TSE:TGO) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. The business had revenue of C$6.21 million during the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. As a group, equities research analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current year.

About TeraGo

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.