In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on urban-gro (UGRO – Research Report). The company’s shares opened today at $1.21.
Vendetti covers the Healthcare sector, focusing on stocks such as Icecure Medical, Biolase, and Aethlon Medical. According to TipRanks, Vendetti has an average return of -3.2% and a 32.06% success rate on recommended stocks.
urban-gro has an analyst consensus of Moderate Buy, with a price target consensus of $600.00, a 49,486.78% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock with a $600.00 price target.
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Based on urban-gro’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.84 million and a GAAP net loss of $5.44 million. In comparison, last year the company earned a revenue of $16.28 million and had a GAAP net loss of $1.74 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UGRO in relation to earlier this year.
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Urban-gro Inc is an agricultural solutions and ag-tech company focused on serving commercial cultivators around the world. It offers various equipment and products such as Pesticides & Equipment, Climate Control equipment, Fertigation products, Wastewater Treatment equipment and others.
Read More on UGRO:
- urban-gro, Inc. Awarded $1.5 Million Contract to Provide Architecture, Interior Design, and Engineering Services
- Urban-Gro awarded $1.5M contract from healthcare sector client
- Urban-Gro reports Q2 EPS (50c), consensus (28c)
- UGRO Upcoming Earnings Report: What to Expect?
- urban-gro, Inc. to Report Second Quarter 2023 Earnings Results on August 14, 2023
