Kooth (LON:KOO) Trading 1.2% Higher - Should You Buy?

Kooth plc (LON:KOO - Get Free Report) traded up 1.2% on Friday . The company traded as high as GBX 170 ($2.15) and last traded at GBX 170 ($2.15). 294,405 shares were traded during trading, an increase of 261% from the average session volume of 81,613 shares. The stock had previously closed at GBX 168 ($2.12).

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 590 ($7.45) target price on shares of Kooth in a research note on Tuesday, September 17th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 580 ($7.32) price objective on shares of Kooth in a research note on Tuesday, September 17th.

Kooth Stock Up 1.2 %

The company has a market capitalization of £62.02 million, a P/E ratio of 1,416.67 and a beta of 0.71. 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 stock's fifty day moving average is GBX 196.39 and its 200 day moving average is GBX 271.98.

Insider Activity

In related news, insider Timothy John Barker acquired 20,000 shares of Kooth stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of GBX 160 ($2.02) per share, with a total value of £32,000 ($40,388.74). 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.