with target of $1.40, in case you hadn't seen it .
https://www.stockwatch.com/News/Item/Z-C!EXRO-3555034/C/EXRO
Interesting: "
Analysts on average target the shares at $1.52" Any ideas re when the R/S will occur?
Globe says Exro Technologies maintained at "outperform"
2024-05-22 08:54 ET - In the News
The Globe and Mail reports in its Wednesday, May 22, edition that National Bank Financial analyst Rupert Merer has reaffirmed his "outperform" recommendation for Exro Technologies. The Globe's David Leeder writes in the Eye On Equities column that Mr. Merer gave his share target a 20-cent trim to $1.40. Analysts on average target the shares at $1.52. The first quarter was a slow start to the year for Exro Technologies. Mr. Merer believes that this slow start should not significantly impact its full fiscal 2024. He expects an increase in sales as the company continues to integrate its recent acquisition of SEA Electric. He says, "Despite delays to its initial ramp-up, we believe Exro is well positioned for growth." On May 15, the Calgary-based clean technology company reported quarterly sales of $1.3-million, missing Mr. Merer's $2.7-million estimate due to "slightly slower-than-expected" gains from the merger. That led to cost of goods sold of $900,000, also below the analyst's forecast ($2.5-million). Earnings per share of a loss of eight cents fell in line with expectations. Mr. Merer adds, "As Exro completes the merger with SEA and ramps production of its various product offerings, results could be lumpy."