Kooth (LON:KOO) Shares Down 1.8% – Here’s Why

Shares of Kooth plc (LON:KOO) traded down 1.8% during trading on Wednesday . The company traded as low as GBX 163 ($2.05) and last traded at GBX 165 ($2.08). 56,067 shares changed hands during trading, a decline of 28% from the average session volume of 77,557 shares. The stock had previously closed at GBX 168 ($2.12).

Wall Street Analysts Forecast Growth

KOO has been the topic of several research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 580 ($7.30) price objective on shares of Kooth in a research note on Tuesday, September 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 590 ($7.43) price target on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. The company has a market capitalization of £60.01 million, a P/E ratio of 1,358.33 and a beta of 0.71. The business has a 50 day moving average of GBX 246.10 and a 200 day moving average of GBX 286.24.

Insider Transactions at Kooth

In other Kooth news, insider Timothy John Barker bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of GBX 160 ($2.01) per share, for a total transaction of £32,000 ($40,287.05). Insiders own 17.30% of the company’s stock.

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.