TeraGo (TSE:TGO) Sets New 52-Week High – Should You Buy?

TeraGo Inc. (TSE:TGO) shares hit a new 52-week high on Monday . The company traded as high as C$1.50 and last traded at C$1.50, with a volume of 3000 shares changing hands. The stock had previously closed at C$1.48.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their target price on TeraGo from C$0.80 to C$1.25 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, TeraGo has an average rating of “Hold” and an average target price of C$1.25.

TeraGo Price Performance

The firm’s fifty day moving average price is C$1.36 and its 200 day moving average price is C$1.13. The firm has a market capitalization of C$57.77 million, a PE ratio of -5.69, a P/E/G ratio of -1.00 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of -4,868.75.

TeraGo (TSE:TGO) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%.The business had revenue of C$6.21 million during the quarter. As a group, equities analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current year.

About TeraGo

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.