Kooth (LON:KOO) Shares Down 1.8% – Should You Sell?

Kooth plc (LON:KOO)’s stock price fell 1.8% during trading on Wednesday . The stock traded as low as GBX 163 ($2.06) and last traded at GBX 165 ($2.09). 56,067 shares were traded during trading, a decline of 28% from the average session volume of 77,557 shares. The stock had previously closed at GBX 168 ($2.13).

Wall Street Analyst Weigh In

Several brokerages recently commented on KOO. Berenberg Bank reissued a “buy” rating and set a GBX 590 ($7.47) target price on shares of Kooth in a report on Tuesday, September 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 580 ($7.34) price objective on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Stock Performance

The firm’s fifty day moving average price is GBX 249.18 and its 200 day moving average price is GBX 287.24. 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 £60.19 million, a PE ratio of 1,375.00 and a beta of 0.71.

Insider Activity

In other Kooth news, insider Timothy John Barker acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of GBX 160 ($2.02) per share, for a total transaction of £32,000 ($40,490.95). 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.