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Ensilica PLC ( (GB:ENSI) ) has issued an announcement.
EnSilica plans to raise up to £10 million through a placing, subscription and separate retail offer of up to 21.3 million new shares at 47p, aimed at institutional and existing UK retail investors. The fundraising is structured in two tranches due to existing share issuance authorities, with up to £4.54 million raised under current powers and the balance subject to shareholder approval at a general meeting.
Proceeds will be used to accelerate user-terminal ASSP chip development and unlock matched funding from a UK Space Agency award, co-invest to convert ASIC design opportunities into supply contracts, increase chip supply volumes and bolster working capital. The move builds on record interim results, including 37% revenue growth and a swing to EBITDA and operating profit, positioning the group to scale supply revenues and support anticipated additional contract wins.
The most recent analyst rating on (GB:ENSI) stock is a Hold with a £46.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.
Spark’s Take on GB:ENSI Stock
According to Spark, TipRanks’ AI Analyst, GB:ENSI is a Neutral.
The score is held back primarily by weak financial performance—declining revenue, ongoing losses, and sharply deteriorating free cash flow—despite a reasonably leveraged balance sheet. Technicals are a key offset, showing strong upside momentum with the price well above major moving averages, though indicators are nearing stretched levels. Valuation is also a drag because the company is loss-making (negative P/E) and no dividend yield is available.
To see Spark’s full report on GB:ENSI stock, click here.
More about Ensilica PLC
EnSilica is a fabless, application-specific chipmaker specialising in RF, mmWave, mixed-signal and complex digital IC design. The company targets space and communications, industrial, automotive and healthcare markets, leveraging reusable IP and silicon platforms to deliver production-proven chips from design centres in the UK, India, Brazil and Hungary.
Average Trading Volume: 306,968
Technical Sentiment Signal: Buy
Current Market Cap: £47.82M
For a thorough assessment of ENSI stock, go to TipRanks’ Stock Analysis page.