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An update from DIRTT Environmental Solutions ( (TSE:DRT) ) is now available.
DIRTT Environmental Solutions has announced significant project wins and an increased forward pipeline, highlighting continued commercial momentum across various sectors. The company secured a $3.5 million contract with Google for its Caribbean campus in Sunnyvale, California, and expanded its relationship with Allina Health for a $16 million project in Minneapolis, MN. These developments, along with a 5.7% increase in their 12-month forward pipeline, underscore DIRTT’s growth trajectory and market expansion in its core sectors.
The most recent analyst rating on (TSE:DRT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on DIRTT Environmental Solutions stock, see the TSE:DRT Stock Forecast page.
Spark’s Take on TSE:DRT Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRT is a Neutral.
The overall stock score of 44 reflects significant financial challenges, including declining revenue, low profitability, and high leverage. Technical indicators suggest a bearish trend, with the stock trading below key moving averages and approaching oversold conditions. The high P/E ratio indicates potential overvaluation, and the lack of a dividend yield further detracts from its appeal. Despite some optimism from an expanded sales pipeline, the current financial and market conditions present substantial risks.
To see Spark’s full report on TSE:DRT stock, click here.
More about DIRTT Environmental Solutions
DIRTT Environmental Solutions is a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to build adaptable, high-performing interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT offers solutions designed for flexibility and adaptability, allowing for easy reconfiguration of spaces. The company is headquartered in Calgary, Alberta, Canada, and is publicly traded on the TSX and OTCQX.
Average Trading Volume: 25,514
Technical Sentiment Signal: Sell
Current Market Cap: C$135.1M
See more insights into DRT stock on TipRanks’ Stock Analysis page.