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Elsight Ltd. ( (AU:ELS) ) has issued an announcement.
Elsight Ltd. has issued 1,000,000 ordinary fully paid shares without disclosure under the Corporations Act, complying with relevant legal provisions. This move indicates Elsight’s strategic financial maneuvering to potentially strengthen its market position and operational capabilities, impacting stakeholders by aligning with regulatory compliance and transparency.
The most recent analyst rating on (AU:ELS) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Elsight Ltd. stock, see the AU:ELS Stock Forecast page.
More about Elsight Ltd.
Elsight Ltd. is a company specializing in advanced connectivity solutions, particularly for drones and unmanned systems. Their flagship product, Halo, utilizes AI-based multi-link bonding to ensure robust and secure connectivity by combining cellular, satellite, and RF communications. Elsight’s technology is highly reliable and serves various sectors including military, public safety, delivery, medical, and more.
Average Trading Volume: 1,217,064
Technical Sentiment Signal: Buy
Current Market Cap: A$334.2M
For detailed information about ELS stock, go to TipRanks’ Stock Analysis page.