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Nuran Wireless
(NUR)
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Rating:41Neutral
Price Target:
C$2.50
▼(-14.38% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held down by weak financial performance—sharp margin compression, persistent operating losses, and ongoing cash burn—despite improved leverage and strong recent revenue growth. Technicals add further pressure due to a strong downtrend (price well below key moving averages), while valuation provides limited support given the negative P/E and lack of dividend data.
Positive Factors
Underserved-market infrastructure model
Nuran targets rural and underserved regions where traditional operators may not invest because of lower population density or higher deployment costs. This specialized market focus can support long-term demand for connectivity infrastructure and create opportunities for recurring site and managed-service revenue.
Negative Factors
Severe margin compression and persistent losses
Revenue growth has not translated into sustainable profitability. The sharp gross-margin decline, persistent operating losses, and wider 2025 net loss suggest weak earnings quality and limited evidence that additional deployment volume currently produces durable operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Underserved-market infrastructure model
Nuran targets rural and underserved regions where traditional operators may not invest because of lower population density or higher deployment costs. This specialized market focus can support long-term demand for connectivity infrastructure and create opportunities for recurring site and managed-service revenue.
Read all positive factors
Nuran Wireless (NUR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.67M
Dividend YieldN/A
Average Volume (3M)5.46K
Price to Earnings (P/E)―
Beta (1Y)-1.35
Revenue Growth-41.16%
EPS Growth73.67%
CountryCA
Employees51
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-11.72
Shares Outstanding13,084,716
10 Day Avg. Volume4,828
30 Day Avg. Volume5,456
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.26
Price to Sales (P/S)0.35
P/FCF Ratio-0.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nuran Wireless Business Overview & Revenue Model
Company Description
Operating across Canada, the United States, Europe, and international markets, Nuran Wireless Inc., along with its associated entities, is dedicated to the research, development, manufacturing, marketing, and operational management of digital elec...
How the Company Makes Money
Nuran Wireless makes money primarily by providing telecom infrastructure and connectivity services tied to the deployment and operation of cellular network sites in underserved regions. Key revenue streams include: (1) Network deployment and infra...
Nuran Wireless Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
30
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Jan 2021 | Oct 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.99M | 4.17M | 4.36M | 4.87M | 3.93M | 2.12M |
| Gross Profit | 779.34K | 1.31M | 2.33M | 2.04M | 1.08M | 728.99K |
| EBITDA | -14.44M | -12.89M | -5.24M | -7.60M | -1.12M | -2.65M |
| Net Income | -20.73M | -21.44M | -8.76M | -9.89M | -1.89M | -3.55M |
Balance Sheet | ||||||
| Total Assets | 26.84M | 30.00M | 23.88M | 18.74M | 7.94M | 8.83M |
| Cash, Cash Equivalents and Short-Term Investments | 388.72K | 4.67M | 1.17M | 183.40K | 64.25K | 510.83K |
| Total Debt | 14.71M | 12.79M | 21.44M | 6.59M | 4.12M | 4.30M |
| Total Liabilities | 26.62M | 24.40M | 35.30M | 14.55M | 9.90M | 9.26M |
| Stockholders Equity | 219.73K | 5.60M | -11.42M | 4.19M | -1.96M | -430.05K |
Cash Flow | ||||||
| Free Cash Flow | -5.63M | -6.23M | -6.26M | -7.76M | -711.11K | -1.73M |
| Operating Cash Flow | -3.85M | -2.96M | -6.22M | -6.80M | 495.51K | -775.19K |
| Investing Cash Flow | -2.14M | -3.27M | -393.21K | -1.07M | -1.21M | -957.62K |
| Financing Cash Flow | 7.71M | 9.94M | 7.68M | 7.32M | 264.53K | 2.02M |
Nuran Wireless Technical Analysis
Negative
2.92
Price Trends
5.49
Negative
5.43
Negative
4.81
Negative
Market Momentum
-0.89
Positive
29.67
Positive
16.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NUR, the sentiment is Negative. The current price of 2.92 is below the 20-day moving average (MA) of 3.87, below the 50-day MA of 5.49, and below the 200-day MA of 4.81, indicating a bearish trend. The MACD of -0.89 indicates Positive momentum. The RSI at 29.67 is Positive, neither overbought nor oversold. The STOCH value of 16.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NUR.
Nuran Wireless Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | C$13.79M | 21.63 | 10.39% | 72.73% | 29.61% | 92.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
44 Neutral | C$11.28M | -16.67 | -116.67% | ― | ― | ― | |
43 Neutral | C$10.76M | -7.14 | 121.53% | ― | ― | 39.36% | |
42 Neutral | C$345.05K | -0.02 | -24.92% | ― | -6.54% | 63.10% | |
41 Neutral | C$31.67M | -0.21 | 1065.63% | ― | -41.16% | 73.67% | |
41 Neutral | C$3.51M | -32.35 | 18.72% | ― | -10.92% | -135.71% |
* Technology Sector Average
TSE:NUR
Nuran Wireless
2.42
-6.58
-73.11%
TSE:IMI
Lite Access Technologies
0.07
-0.02
-18.75%
TSE:NVI
Novra Technologies
0.11
0.03
37.50%
TSE:TTZ
Total Telcom
0.47
0.27
138.46%
TSE:VTI
Valdor Technology International
0.23
-3.77
-94.25%
TSE:YFI
Edgewater Wireless Systems
0.04
-0.03
-46.67%
Nuran Wireless Corporate Events
Business Operations and Strategy
NuRAN Wireless Launches NuEnergy to Power African Rural Networks
Positive
Sep 3, 2026
NuRAN Wireless has created NuEnergy Ltd., a wholly owned subsidiary that will own and operate its solar, storage, and hybrid power systems across its African operations. The move targets the continent’s chronic lack of reliable electricity i...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing Changes
NuRAN to Quit CSE and Consolidate Trading on Nasdaq as Director Departs
Neutral
Sep 1, 2026
NuRAN Wireless, a provider of rural connectivity infrastructure in Africa, delivers 2G, 3G and 4G mobile networks for operators seeking to extend coverage beyond urban areas. The company leverages low-power wireless technology and renewable-energy...
Business Operations and Strategy
NuRAN to Add Edge AI and Local Compute to Rural African Network
Positive
Sep 1, 2026
NuRAN Wireless is positioning itself as a broader infrastructure-as-a-service provider by leveraging its existing Network-as-a-Service footprint across more than 5,000 rural African sites, many of which use off-grid solar power. By owning the powe...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
NuRAN Wireless Secures Shelf Prospectus to Fuel Rural Network Expansion
Positive
Aug 25, 2026
NuRAN Wireless has filed a final short form base shelf prospectus in Canada and a corresponding registration statement in the United States, securing a final receipt as part of its broader North American capital markets strategy. The move is inten...
Business Operations and StrategyRegulatory Filings and Compliance
NuRAN Wireless Secures Shelf Prospectus to Support North American Capital Markets Strategy
Positive
Aug 25, 2026
NuRAN Wireless has filed a final short form base shelf prospectus in Canada and a corresponding Form F-10 registration statement in the United States, securing a final receipt from Canadian regulators. These filings underpin the company’s ab...
Business Operations and StrategyDelistings and Listing Changes
NuRAN Wireless Lands Nasdaq Listing and Launches $5M West Africa Rural Network Project
Positive
Aug 17, 2026
NuRAN Wireless has begun trading its common shares on the Nasdaq Capital Market under the symbol NUR, broadening its visibility among U.S. investors while maintaining listings in Canada and Frankfurt. The move underscores the company’s ambit...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
NuRAN Wireless Boosts Preferred Share Financing to Meet Nasdaq Equity Threshold
Positive
Aug 7, 2026
NuRAN Wireless has increased its previously announced private placement of Series A convertible preferred shares to C$7.6 million at the request of Nasdaq, as part of its pending U.S. listing application. The board also raised the maximum authoriz...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
NuRAN Wireless Expands Preferred Share Financing to C$7.6 Million and Cuts Debt Ahead of Nasdaq Listing
Positive
Aug 7, 2026
NuRAN Wireless has expanded its previously announced private placement of Series A convertible preferred shares to C$7.6 million, increasing the authorized issuance to up to 2,000,000 preferred shares for potential gross proceeds of C$8.5 million....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.