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Agronomics ( (GB:ANIC) ) just unveiled an announcement.
EVERY Company, a portfolio company of Agronomics Limited, has secured $55 million in Series D funding to expand its manufacturing capacity and scale its operations within the $270 billion egg market. This funding will facilitate EVERY’s nationwide rollout in the U.S., with its precision-fermented egg proteins set to be featured in Walmart stores, providing a sustainable alternative to traditional egg supply chains amid rising egg prices and supply chain disruptions.
The most recent analyst rating on (GB:ANIC) stock is a Buy with a £15.90 price target. To see the full list of analyst forecasts on Agronomics stock, see the GB:ANIC Stock Forecast page.
Spark’s Take on GB:ANIC Stock
According to Spark, TipRanks’ AI Analyst, GB:ANIC is a Neutral.
Agronomics Limited faces significant financial challenges, with erratic income and negative cash flows weighing heavily on its score. However, a strong balance sheet and promising corporate events, such as strategic partnerships and innovations in sustainable food, provide some hope. Weak technical signals and poor valuation further suppress the overall score, indicating an uphill battle for stronger investment appeal.
To see Spark’s full report on GB:ANIC stock, click here.
More about Agronomics
Agronomics Limited is a London-listed company specializing in investments within the cellular agriculture sector. The company has a diverse portfolio of over 20 companies that focus on developing technologies for producing food and materials traditionally derived from animals, aiming to enhance sustainability, human health, and food security.
Average Trading Volume: 2,330,430
Technical Sentiment Signal: Buy
Current Market Cap: £78.73M
See more data about ANIC stock on TipRanks’ Stock Analysis page.