Reliq Health Technologies Inc. (RHT:TSX.V; RQHTF:OTCQB; A2AJTB:WKN) had its stock upgraded to Good from Above Average by Sadif Investment Analytics, the research firm reported in a rating update note.
The Canadian health technology company "has a bright prospect with an overall score of 87/100" (100 being the highest), Sadif wrote. "Overall, we expect Reliq to be a good long-term investment that is likely to deliver long-term returns."
The total score reflects how Reliq fared since its last rating in a dozen categories, as determined using the Summary StockMarks rating system, versus the entire population of 2,193 Canada-listed companies rated today. The current scores are based on data as of the market close on May 24, 2023.
Reasons for the Uprating
Sadif ascribed the improved overall performance and, thus, upgraded the rating to improvements in Reliq's business market sentiment and in its technicals (79%). Current investor sentiment toward the healthcare technology firm is "bullish and with a positive outlook," Sadif described. Analyst consensus about Reliq is positive, too.
Also working in Reliq's favor are fair financials, good earnings quality, low information risk, and acceptable market risk. Operational risk is average.
When compared to its closest competitor, Playmaker Capital Inc. (PMKR:TSX.V; PMKRF:OTCQX), Reliq shows greater undervaluation and is equally likely to outperform the market.
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Important Disclosures:
1) Reliq Health Technologies Inc. is a billboard sponsor(s) of Streetwise Reports and has paid SWR a sponsorship fee between US$3,000 and US$5,000.
2) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
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Disclosures for Sadif Research, Reliq Health Technologies Inc., May 24, 2023
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