Datametrex AI Limited (DM) Gets a Buy Rating from Fundamental Research

By Ryan Adsit

In a new note to investors today, an analyst has provided a rating update for Datametrex AI Limited (DMResearch Report). Fundamental Research’s analyst Siddharth Rajeev reiterates their Buy rating on the shares, with a C$0.23 price target.

According to TipRanks.com, Rajeev is ranked #4741 out of 5124 analysts.

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Currently, the analyst consensus on Datametrex AI Limited is a Moderate Buy with an average price target of C$0.23.

Based on Datametrex AI Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$15.24 million. In comparison, last year the company had a GAAP net loss of C$2.71 million.

DataMetrex AI Ltd. is a data technology and artificial intelligence company, which engages in the collection and sale of data from retail point of sale terminals. It provides artificial intelligence for government and corporations which can access the business-critical data in real-time without disrupting the transaction processing through dataTap and dashboard systems. The company was founded on March 4, 2011 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$0.04, close to its 52-week low of C$0.04.