Maxim Group Sticks to Their Buy Rating for Kaival Brands Innovations Group (KAVL)

In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on Kaival Brands Innovations Group (KAVLResearch Report), with a price target of $3.00. The company’s shares closed yesterday at $1.36.

Galinko covers the Technology sector, focusing on stocks such as American Software, Xperi, and Unisys. According to TipRanks, Galinko has an average return of -4.7% and a 36.36% success rate on recommended stocks.

Currently, the analyst consensus on Kaival Brands Innovations Group is a Moderate Buy with an average price target of $3.00.

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Based on Kaival Brands Innovations Group’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $3.06 million and a GAAP net loss of $5.01 million. In comparison, last year the company earned a revenue of $18.15 million and had a GAAP net loss of $4.26 million

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Kaival Brands Innovations Group, Inc. operates as a development stage company. Its business plan is to serve as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The company was founded by Paul Moody and is headquartered in Cranston, RI.

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