Analysts have raised their price target for Syrah Resources from $0.39 to $0.47 per share, citing improved revenue growth expectations even though the profit margin forecast is slightly lower.
What's in the News
- Syrah Resources completed a follow-on equity offering totaling AUD 70.002 million. The company issued ordinary shares at a price of AUD 0.26 per share (Key Developments).
- The offering included 105,816,485, 76,934,677, and 86,487,763 ordinary shares, all at the same price point (Key Developments).
- The transaction featured a rights offering along with a subsequent direct listing (Key Developments).
- Prior to completion, Syrah Resources had filed for an equity offering valued at AUD 70 million with similar terms (Key Developments).
Valuation Changes
- The Fair Value Estimate increased from A$0.39 to A$0.47 per share, reflecting a notable upward revision.
- The Discount Rate decreased slightly from 8.82% to 8.77%, indicating a marginal reduction in perceived risk.
- The Revenue Growth Projection rose substantially from 112.64% to 189.38%.
- The Net Profit Margin forecast declined from 19.02% to 15.56%.
- The Future P/E Ratio inched higher from 7.40x to 7.66x.
Have other thoughts on Syrah Resources?
Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.
Create NarrativeDisclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.