Kooth (LON:KOO) Shares Up 10.6% - Time to Buy?

Kooth plc (LON:KOO - Get Free Report)'s stock price shot up 10.6% 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).

Analyst Upgrades and Downgrades

A number of brokerages have commented on KOO. Berenberg Bank restated a "buy" rating and set a GBX 590 ($7.40) price target on shares of Kooth in a research note on Tuesday, September 17th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 580 ($7.27) target price on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Trading Up 11.1 %

The stock has a market capitalization of £65.84 million, a PE ratio of 1,504.08 and a beta of 0.71. 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 firm has a 50 day moving average price of GBX 181.24 and a 200 day moving average price of GBX 266.02.

Insider Activity at Kooth

In other 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 acquired at an average cost of GBX 160 ($2.01) per share, for a total transaction of £32,000 ($40,115.33). 17.30% of the stock is currently owned by 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.