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The latest announcement is out from Ilika plc ( (GB:IKA) ).
Ilika plc has announced the commencement of its PRIMED solid-state battery programme, supported by key partners including Jaguar Land Rover and Oxford University. The programme aims to advance the commercialisation of Ilika’s solid-state battery technology by leveraging the UK Battery Industrialisation Centre’s facilities to scale up production. This initiative builds on previous successful projects and is expected to deliver critical outcomes such as prototype cells and a production scale model, positioning Ilika to accelerate the industrialisation of its Goliath technology for the electric vehicle market.
The most recent analyst rating on (GB:IKA) stock is a Sell with a £33.00 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 Underperform.
Ilika plc’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability. Technical analysis indicates bearish momentum, further weighing down the score. The negative P/E ratio and lack of dividend yield reflect valuation challenges. These factors collectively result in a low overall stock score, highlighting significant risks and challenges facing the company.
To see Spark’s full report on GB:IKA stock, click here.
More about Ilika plc
Ilika plc is a global leader in the development of solid-state battery technology, catering to industries such as 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 batteries for electric vehicles and cordless appliances. Ilika operates on a licensing business model, providing its intellectual property to OEMs and manufacturing partners for a fee and future royalties.
Average Trading Volume: 209,950
Technical Sentiment Signal: Hold
Current Market Cap: £65.09M
See more data about IKA stock on TipRanks’ Stock Analysis page.