https://www.smarteranalyst.com/new-blurbs/clarus-thinks-slang-worldwides-stock-is-going-to-recover-2/ Clarus Thinks SLANG Worldwide’s Stock is Going to Recover
Brian Anderson- June 12, 2020, 10:16 AM EDT
Clarus analyst
Noel Atkinson maintained a Buy rating on SLANG Worldwide (
SLGWF) today and set a price target of $0.75. The company’s shares closed last Friday at $0.17, close to its 52-week low of $0.08.
According to
TipRanks.com, Atkinson is ranked #323 out of 6667 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SLANG Worldwide with a $0.76 average price target, implying a 362.6% upside from current levels. In a report released today, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a C$0.40 price target.
Based on SLANG Worldwide’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.72 million and GAAP net loss of $202 million. In comparison, last year the company earned revenue of $2.56 million and had a net profit of $1.52 million.
SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers.