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An announcement from Ensilica PLC ( (GB:ENSI) ) is now available.
EnSilica plc has secured a £5 million ‘Contract for Innovation’ from the UK Government’s Department for Science, Innovation & Technology to develop a quantum resilient secure processor chip for critical national infrastructure. This project, aligned with the UK’s semiconductor strategy, will enhance cybersecurity by integrating CHERI technology and Post Quantum Cryptography, targeting markets such as defense, industrial, automotive, and aerospace. The initiative is expected to bolster EnSilica’s market position and contribute to the UK’s technological resilience.
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, alongside offering 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 clients across automotive, industrial, healthcare, and communications sectors. Headquartered near Oxford, UK, EnSilica operates design centers in the UK, India, Brazil, and Hungary.
Average Trading Volume: 308,091
Technical Sentiment Signal: Sell
Current Market Cap: £37.67M
For detailed information about ENSI stock, go to TipRanks’ Stock Analysis page.