Beeks Financial Cloud Issues New Shares Following Employee Option Exercise

Beeks Financial Cloud Group Plc ( (GB:BKS) ) just unveiled an update.

Beeks Financial Cloud Group plc has issued 28,500 new ordinary shares following the exercise of employee options under its share option plan, at an exercise price matching the nominal value of the shares. The new shares, which will be admitted to trading on AIM and rank pari passu with existing stock, increase the company’s total shares in issue to 68,232,772 and provide an updated figure for investors to use when assessing disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:BKS) stock is a Hold with a £249.00 price target. To see the full list of analyst forecasts on Beeks Financial Cloud Group Plc stock, see the GB:BKS Stock Forecast page.

Spark’s Take on GB:BKS Stock

According to Spark, TipRanks’ AI Analyst, GB:BKS is a Neutral.

The overall stock score is primarily influenced by strong financial performance, despite cash flow challenges. Technical indicators suggest a neutral trend with some bullish momentum, but valuation concerns due to a high P/E ratio and lack of dividend yield weigh on the score.

To see Spark’s full report on GB:BKS stock, click here.

More about Beeks Financial Cloud Group Plc

Beeks Financial Cloud Group plc is a UK-listed managed cloud provider focused exclusively on capital markets and financial services. The company offers low-latency Infrastructure-as-a-Service for private cloud compute, connectivity and analytics, enabling clients to deploy and connect to exchanges, trading venues and public cloud in hybrid cloud environments. Founded in 2011 and headquartered in Renfrew, Beeks is ISO 27001 certified and employs over 100 staff globally.

Average Trading Volume: 116,225

Technical Sentiment Signal: Buy

Current Market Cap: £157M

For an in-depth examination of BKS stock, go to TipRanks’ Overview page.