Exro Technologies Inc T.EXRO

target price

[bayoubucks]

National Bank reduced target price from 1.40 to .65 based on financial disappointment.

[Moemoney42]

Does anyone think this could be an over reaction and a bottom is in? I would think there might be some potential for growth from this point forward, as long as they can maintain solvency..?

[nedstar71]

No.  Less than year from now I expect the share price to be 10 cents or lower (r/s adjusted of course).  The market cap is still completely way too high for this company and management team imo.  The success story they keep trying to tell is fiction.  Sooner or later the bs catches up.

[Moemoney42]

Thanks for your input.. I think I'm going to play the contrarian and grab a few at this level.. using the Buffet approach.. "buy when there's blood in the street".. hopefully it won't be my blood a year from now.. LOL.. :-)

[nedstar71]

As they say No guts no glory!!  Good luck!

[sorrenson]

Make sure you can afford to lose it.   I put even odds of bankruptcy  or "restructuring"    They wont think twice of tossing everyone under the bus and will give themselves more bonuses ,

[Moemoney42]

I consider that with every stock buy I make.. I'm certainly not risking the rent money so to speak.. ;-)

[lscfa]

2024-08-16 07:37 ET - In the News   The Globe and Mail reports in its Friday edition that National Bank Financial analyst Rupert Merer has lowered his recommendation for Exro Technologies to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Merer says Exro has an "uncertain" outlook. Mr. Merer

[u30822]

Old news....

[tamaracktop]

"....Exro is in late stage conversations to secure a working capital line of credit." If they were to announce that, it would give the stock a real boost.

[tamaracktop]

It's acting like this could soon be a reality. Volume so far today is well above average.  If it exceeds pre-earnings prices, I'll very likely buy it back.  A major departure from my previous "buy it above a buck" strategy.  Things have changed. 

[fleetwood]

So that would be $0.55. They made their case pretty well in the Aug 15th report. Yes, I remain an optimist!

[Moemoney42]

I'm looking for  a break above the 20 day MA by mid week and the 30 day MA by weeks end... if so.. it could be an interesting Sept.. and 4th quarter..??

[Moemoney42]

Oops forgot the chart.. LOL..

[Moemoney42]

Well isn't that interesting... EXRO hit the 30 day MA this AM on the Omega exchange..! Omega - O   0.37 -0.03 -7.5 25.5 10 6 0.48  0.48  0.37   10:51:49   15 min