Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ensilica PLC ( (GB:ENSI) ) has shared an announcement.
EnSilica plc reported strategic progress in the past year, securing six new ASIC design wins and nearly doubling its chip-supply revenue, despite a decline in overall revenues due to project delays. The company is experiencing strong commercial momentum with a growing pipeline in satellite communications and industrial sectors, and has achieved significant milestones, including surpassing 10 million ASICs shipped for a premium automotive OEM. EnSilica’s recent contract wins and government projects, such as developing a quantum-resilient secure processor, bolster its market position and provide confidence in meeting future revenue forecasts.
The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 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.
Ensilica PLC shows promising growth potential, driven by strategic corporate developments and improving cash flow. However, the company’s current lack of profitability and negative P/E ratio weigh down its valuation. While technical indicators show moderate positive momentum, the strong corporate events contribute significantly to the overall score, highlighting future growth prospects.
To see Spark’s full report on GB:ENSI stock, click here.
More about Ensilica PLC
EnSilica plc is a leading fabless design house specializing in custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with their own design teams. The company excels in providing custom RF, mmWave, mixed signal, and digital ICs to international customers in the automotive, industrial, healthcare, and communications markets. Headquartered near Oxford, UK, EnSilica operates design centers in the UK, India, Brazil, and Hungary.
Average Trading Volume: 319,902
Technical Sentiment Signal: Sell
Current Market Cap: £35.26M
Find detailed analytics on ENSI stock on TipRanks’ Stock Analysis page.