Kooth (LON:KOO) Trading 10.6% Higher – Still a Buy?

Kooth plc (LON:KOO)’s stock price shot up 10.6% during mid-day trading on Tuesday . The company traded as high as GBX 183.33 ($2.30) and last traded at GBX 179.75 ($2.25). 118,080 shares were traded during trading, an increase of 47% from the average session volume of 80,369 shares. The stock had previously closed at GBX 162.50 ($2.04).

Wall Street Analysts Forecast Growth

KOO has been the topic of a number of recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 580 ($7.27) price objective on shares of Kooth in a report on Tuesday, September 17th. Berenberg Bank restated a “buy” rating and issued a GBX 590 ($7.40) price objective on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Price Performance

The stock has a market capitalization of £65.87 million, a PE ratio of 1,504.67 and a beta of 0.71. The business’s 50-day moving average price is GBX 183.60 and its 200 day moving average price is GBX 267.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 2.19.

Insider Buying and Selling

In related news, insider Timothy John Barker bought 20,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of GBX 160 ($2.01) per share, with a total value of £32,000 ($40,115.33). 17.30% of the stock is owned by company insiders.

About Kooth

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.