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An announcement from Sabio Holdings ( (TSE:SBIO) ) is now available.
Sabio Holdings has announced its intention to initiate a Normal Course Issuer Bid, approved by the TSX Venture Exchange, to repurchase up to 5% of its outstanding shares over a 12-month period. The board believes that the current market prices do not reflect the true value of the shares, and this move is expected to enhance shareholder value by increasing equity interest for those who retain their shares.
The most recent analyst rating on (TSE:SBIO) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Sabio Holdings stock, see the TSE:SBIO Stock Forecast page.
More about Sabio Holdings
Sabio Holdings is a leader in the ad-supported streaming industry, providing technology and services to top global brands and agencies. The company offers a cloud-based technology stack and a proprietary ad-serving technology platform, partnering with leading streaming platforms and apps. Additionally, Sabio features App Science™, a non-cookie-based SaaS analytics and insights platform with AI capabilities.
Average Trading Volume: 27,001
Technical Sentiment Signal: Buy
Current Market Cap: C$46.91M
For an in-depth examination of SBIO stock, go to TipRanks’ Stock Analysis page.