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Defence Holdings ( (GB:ALRT) ) just unveiled an announcement.
Defence Holdings PLC has successfully utilized an At-The-Market (ATM) equity issuance facility, raising a total of £437,147.50 in gross proceeds. The funds will provide additional working capital for the company, and the shareholding of Fortified Securities has decreased as a result of the ATM-related sales.
The most recent analyst rating on (GB:ALRT) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Defence Holdings stock, see the GB:ALRT Stock Forecast page.
Spark’s Take on GB:ALRT Stock
According to Spark, TipRanks’ AI Analyst, GB:ALRT is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance, characterized by negative equity and cash flow challenges. Technical analysis provides a mixed view with some longer-term strength but short-term bearish signals. The lack of valuation metrics further complicates the investment case, resulting in a cautious outlook.
To see Spark’s full report on GB:ALRT stock, click here.
More about Defence Holdings
Defence Holdings PLC is a leading software-led defence company, focusing on developing sovereign defence capabilities for the digital age. The company aims to position itself as a leader in software-first defence solutions through its five-year strategic plan.
YTD Price Performance: 5683.78%
Average Trading Volume: 101,278,897
Technical Sentiment Signal: Buy
Current Market Cap: £50.97M
Learn more about ALRT stock on TipRanks’ Stock Analysis page.