Could Ilika plc Go Up After Reaching 52-Week Low?

 Could Ilika plc Go Up After Reaching 52 Week Low?

The stock of Ilika plc (LON:IKA) hit a new 52-week low and has GBX 38.47 target or 13.00% below today’s GBX 44.22 share price. The 6 months bearish chart indicates high risk for the GBX 32.53 million company. The 1-year low was reported on Nov, 17 by Barchart.com. If the GBX 38.47 price target is reached, the company will be worth GBX 4.23M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.80% or GBX 1.28 on November 17, hitting GBX 44.22. About 53,285 shares traded hands or 43.17% up from the average. Ilika plc (LON:IKA) has declined 32.58% since April 19, 2016 and is downtrending. It has underperformed by 37.20% the S&P500.

Ilika plc (LON:IKA) Ratings Coverage

Out of 2 analysts covering Ilika (LON:IKA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 110 is the highest target while GBX 110 is the lowest. The GBX 110 average target is 148.76% above today’s (GBX 44.22) stock price. Ilika has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Speculative Buy” rating by Beaufort Securities given on Thursday, April 28. As per Friday, July 8, the company rating was maintained by Numis Securities. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, January 13. On Friday, August 14 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The rating was maintained by Beaufort Securities on Wednesday, August 17 with “Speculative Buy”. The stock of Ilika plc (LON:IKA) has “Buy” rating given on Monday, May 9 by Numis Securities. As per Monday, July 11, the company rating was maintained by Beaufort Securities. On Tuesday, January 12 the stock rating was maintained by Numis Securities with “Buy”. Numis Securities maintained it with “Buy” rating and GBX 110 target price in Friday, December 4 report.

Ilika plc is the holding company. The Company is engaged in the production, design and development of high throughput methods of material synthesis, characterization and screening. The company has a market cap of 32.53 million GBP. It has developed solid-state battery technology to meet the demands of the Internet of Things . It currently has negative earnings. The Firm has materials development programs addressing a range of applications, including the solid-state battery, aerospace alloys and electronic materials.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment