AT1 8.70% 25.0¢ atomo diagnostics limited

Broker Target Price of $0.65

  1. 195 Posts.
    lightbulb Created with Sketch. 352
    ...just saw this and thought some of you may find it interesting:

    https://www.fnarena.com/index.php/2020/07/29/australian-broker-call-extra-edition-jul-29-2020/

    AT1 ATOMO DIAGNOSTICS LIMITED

    Medical Equipment & Devices - Overnight Price: $0.40

    Canaccord Genuity rates ((AT1)) as Buy (1) -

    Atomo Diagnostics’ maiden quarterly business update after its IPO shows positive momentum and a higher than expected revenue, comments Canaccord Genuity. The cash flow was also in-line.

    Production capacity expansion is on track to double this quarter from pre-IPO levels, points out the broker, and is expected to reach 1m units per month by December.

    Getting new customers for the higher production volume along with regulatory approvals for the company's Australian and US markets will decide the future share price momentum, expects the broker.

    Canaccord Genuity maintains its Buy recommendation with a target price of $0.65.

    This report was published on July 23, 2020.

    Target price is $0.65 Current Price is $0.40 Difference: $0.25
    If AT1 meets the Canaccord Genuity target it will return approximately 63% (excluding dividends, fees and charges).
    The company's fiscal year ends in June.

 
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