NEXE Innovations Inc. (NEXE:TSV) Analyst rating: Strong Buy, $2.93 target price

Based on the NEXE Innovations stock forecasts from 3 analysts, the average analyst target price for NEXE Innovations stock is $2.93 over the next 12 months. NEXE Innovations stocks average analyst rating is a Buy. Stock Target Advisor’s own stock analysis of NEXE Innovations stock is Slightly Bearish, which is based on 3 positive signals and 4 negative signals. At the last closing, NEXE Innovations Inc.’s stock price was CAD 0.29. NEXE Innovations Inc.’s stock price has changed by -0.01% over the past week, -0.07% over the past month and -75.43% over the last year.

NEXE Innovations, Inc. is in the business of designing, developing, manufacturing and selling plant-based single-serve coffee pods that are intended to be used in single-serve coffee machines. 2015 marked the beginning of operations for this business, which has its roots in the city of Surrey in the province of Canada.

Recent Analyst Ratings:

 

What we like:

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.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

 

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

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 cash flow

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