Kooth (LON:KOO) Trading Up 1.2% – Still a Buy?

Kooth plc (LON:KOO)’s stock price shot up 1.2% during trading on Friday . The stock traded as high as GBX 170 ($2.15) and last traded at GBX 170 ($2.15). 294,405 shares changed hands during trading, an increase of 261% from the average session volume of 81,613 shares. The stock had previously closed at GBX 168 ($2.12).

Analyst Ratings Changes

Several equities analysts have recently weighed in on KOO shares. Berenberg Bank restated a “buy” rating and set a GBX 590 ($7.45) price target on shares of Kooth in a report on Tuesday, September 17th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 580 ($7.32) price objective on shares of Kooth in a report on Tuesday, September 17th.

Kooth Price Performance

The stock has a 50 day simple moving average of GBX 196.39 and a 200-day simple moving average of GBX 271.98. The firm has a market cap of £62.02 million, a PE ratio of 1,416.67 and a beta of 0.71. The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other news, insider Timothy John Barker acquired 20,000 shares of Kooth stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of GBX 160 ($2.02) per share, with a total value of £32,000 ($40,388.74). 17.30% of the stock is owned by 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.