After Today’s Huge Increase, Is Ilika plc’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Ilika plc's Near Term Analysis Positive?

The stock of Ilika plc (LON:IKA) is a huge mover today! The stock decreased 4.44% or GBX 2 on November 24, hitting GBX 43. About 155,000 shares traded hands or 230.40% up from the average. Ilika plc (LON:IKA) has declined 39.60% since April 26, 2016 and is downtrending. It has underperformed by 45.01% the S&P500.
The move comes after 9 months positive chart setup for the GBX 33.56M company. It was reported on Nov, 24 by We have GBX 45.58 PT which if reached, will make LON:IKA worth GBX 2.01 million more.

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. Ilika has been the topic of 11 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. Numis Securities maintained it with “Buy” rating and GBX 110 target price in Tuesday, January 12 report. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, April 28 report. The company was maintained on Friday, August 14 by Beaufort Securities. Numis Securities maintained it with “Buy” rating and GBX 110 target price in Wednesday, November 23 report. The stock of Ilika plc (LON:IKA) earned “Buy” rating by Numis Securities on Friday, December 4. The firm earned “Speculative Buy” rating on Wednesday, August 17 by Beaufort Securities. The stock of Ilika plc (LON:IKA) earned “Speculative Buy” rating by Beaufort Securities on Wednesday, January 13. The firm has “Buy” rating by Numis Securities given on Monday, May 9. The firm has “Speculative Buy” rating by Beaufort Securities given on Thursday, November 24.

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 33.56 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.

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