Kooth (LON:KOO) Shares Up 10.6% – Should You Buy?

Shares of Kooth plc (LON:KOO) traded 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 subject of several analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 590 ($7.40) price objective on shares of Kooth in a research note on Tuesday, September 17th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 580 ($7.27) price target on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Stock Up 11.1 %

The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of £65.84 million, a P/E ratio of 1,504.08 and a beta of 0.71. The stock’s 50-day simple moving average is GBX 177.19 and its 200-day simple moving average is GBX 264.32.

Insider Activity

In related news, insider Timothy John Barker purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of GBX 160 ($2.01) per share, with a total value of £32,000 ($40,135.46). 17.30% of the stock is currently owned by corporate 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.