Fundamental Research Thinks Datametrex AI Limited’s Stock is Going to Recover

The Technology company, Datametrex AI Limited (DM), has received a rating update from a Wall Street analyst on July 18. Analyst Siddharth Rajeev from Fundamental Research reiterated a Buy rating, with a C$0.11 price target on July 18.

Rajeev said:

“We believe that revenue growth should increase in the coming quarters as the company expands its businesses.  Since the release of Q1 statements, the company announced additional contracts totaling C$2.1 million.  The company’s net loss in Q1-2019 was C$0.90 million (EPS: -$0.00) compared to C$2.29 million (EPS: – C$0.01) in Q1-2018.”

According to, Rajeev has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.1% and a 29.8% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Dynacor Gold Mines Inc, Canada Jetlines Ltd., and Inception Mining Inc.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datametrex AI Limited with a C$0.11 average price target.

Datametrex AI Limited’s market cap is currently C$5.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.23.

DataMetrex AI Ltd. is a data technology and artificial intelligence company, which engages in the collection and sale of data from retail point of sale terminals. It provides artificial intelligence for government and corporations which can access the business-critical data in real-time without disrupting the transaction processing through dataTap and dashboard systems. The company was founded on March 4, 2011 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$0.03, close to its 52-week low of C$0.03.

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