Fonix Mobile (LON:FNX – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They currently have a GBX 293 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 68.49% from the stock’s previous close.
Fonix Mobile Price Performance
LON:FNX opened at GBX 173.90 on Thursday. The business’s 50-day moving average price is GBX 155.19 and its 200 day moving average price is GBX 162.86. The firm has a market cap of £169.77 million, a P/E ratio of 15.53 and a beta of 0.58. Fonix Mobile has a 52-week low of GBX 143 and a 52-week high of GBX 244. The company has a quick ratio of 1.16, a current ratio of 1.12 and a debt-to-equity ratio of 0.77.
Fonix Mobile declared that its board has authorized a stock buyback plan on Friday, May 22nd that allows the company to buyback 1,250,000,000,000 shares. This buyback authorization allows the company to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
About Fonix Mobile
Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.
See Also
- Five stocks we like better than Fonix Mobile
- Cybersecurity ETFs Are Rallying While AI Stocks Cool Off
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
Receive News & Ratings for Fonix Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fonix Mobile and related companies with MarketBeat.com's FREE daily email newsletter.
