Fobi AI Inc.(FOBI:TSV) STA Research lowers the target price to $0.80

by: Gillian Lawrence
 Fobi stock forecast

Analysts rate Fobi AI Inc. with a consensus Strong Buy rating and a 12-month average target price of $1.33 per share.

STA Research maintains Fobi AI Inc. with a Speculative Buy rating and lowers the target price to $0.80 from $1.20 on the company’s stock.

Based on the Fobi stock forecast from 1 analysts, the average analyst target price for Fobi AI Inc is CAD 1.33 over the next 12 months. Fobi AI Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Fobi AI Inc is Slightly Bearish, which is based on 2 positive signals and 3 negative signals. At the last closing, Fobi AI Inc’s stock price was CAD 0.46Fobi AI Inc’s stock price has changed by +4.55% over the past week, -22.03% over the past month and -86.67% over the last year.

About Fobi AI Inc (FOBI:CA:TSV)

Fobi AI Inc., operates as a data intelligence company worldwide. The company offers artificial intelligence, automated marketing, contact tracing, and contactless solutions to the brick-and-mortar space. It also provides Fobi, a plug and play hardware or software that offers real-time, detailed insights and automated, and personalized engagement. The company serves telecom, casino gaming, sports and entertainment, hospitality, and retail industries. The company was formerly known as Loop Insights Inc. Fobi AI Inc. was incorporated in 2018 and is based in Vancouver, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

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