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Ilika plc ( (GB:IKA) ) just unveiled an update.
Ilika plc has announced the completion of its Goliath automated pilot line, marking a significant milestone in its solid-state battery production capabilities. This development enables the company to deliver 10Ah and 50Ah battery prototypes to customers, supporting internal and commercial testing programs. The pilot line’s operational status enhances manufacturing yield and consistency, positioning Ilika to meet the demands of its stakeholders and advance its commercialization and licensing objectives. Collaborations with UK Battery Industrialisation Centre and other partners will further scale up production, particularly for automotive applications.
The most recent analyst rating on (GB:IKA) stock is a Hold with a £39.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.
Spark’s Take on GB:IKA Stock
According to Spark, TipRanks’ AI Analyst, GB:IKA is a Neutral.
Ilika plc’s overall stock score is primarily impacted by its financial performance, which is currently weak due to declining revenues and negative profitability. Technical analysis provides a mixed view with slight short-term bullish momentum but potential bearish trends. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:IKA stock, click here.
More about Ilika plc
Ilika plc is a global expert in the development of solid-state battery technology, focusing on electric vehicles, medical devices, and consumer appliances. The company offers two main product lines: Stereax batteries for miniature medical implants and IoT applications, and Goliath large format batteries for electric vehicles and cordless appliances. Ilika operates on a licensing business model, providing its intellectual property to OEMs and manufacturing partners in exchange for fees and royalties.
Average Trading Volume: 231,769
Technical Sentiment Signal: Hold
Current Market Cap: £81.37M
For a thorough assessment of IKA stock, go to TipRanks’ Stock Analysis page.