GRFX Similar Chart Price Prediction
The price of GRFX is predicted to go up -4.33%, based on the high correlation periods with QIPT. The similarity of these two price pattern on the periods is 97.1%.
GRFX
QIPT
Down: -4.33%Similarity: 97.1%
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GRFX Analyst's Forecast
Tate Sullivan
Maxim Group
Strong Buy → Hold
2025-01-10
Price Target
n/a
Downside
0%
Maxim downgraded Graphex Group to Hold from Buy. The firm is citing an uncertain timeline to start to sell graphene products in the U.S., as the company's most recent operations update on November 11th mentioned expanding graphite processing capacity in China, but did not provide an update on U.S. business initiatives, the analyst tells investors in a research note. Maxim adds that while it sees Graphex generate EBITDA, the firm also anticipates a higher amount of share dilution from a capital raise amid weakness in the stock price.
