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An announcement from Hardide ( (GB:HDD) ) is now available.
Hardide plc has secured significant orders worth £1.75 million from a major new North American customer in the energy sector, reflecting strategic efforts to expand in the US market. This development is expected to boost Hardide’s revenues in the first half of the fiscal year ending September 2026, surpassing initial forecasts. The company’s facility in Martinsville, USA, will service these orders, highlighting its enhanced value proposition. The orders align with Hardide’s strategy to double its FY24 revenues, leveraging existing capacity for better margins. The company’s unique coatings, which extend component life in harsh environments, are gaining interest from major oil and gas companies.
The most recent analyst rating on (GB:HDD) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Hardide stock, see the GB:HDD Stock Forecast page.
Spark’s Take on GB:HDD Stock
According to Spark, TipRanks’ AI Analyst, GB:HDD is a Neutral.
Hardide’s overall stock score is primarily impacted by its financial performance challenges, including declining revenues and persistent losses. Technical analysis provides some positive signals, but valuation remains a concern due to negative profitability metrics.
To see Spark’s full report on GB:HDD stock, click here.
More about Hardide
Hardide develops, manufactures, and applies advanced technology tungsten carbide/tungsten metal matrix coatings to a wide range of engineering components. Its patented technology combines toughness and resistance to abrasion, erosion, and corrosion, with the ability to coat interior surfaces and complex geometries. This technology is used in energy sectors, valve and pump manufacturing, industrial gas turbine, precision engineering, and aerospace industries.
Average Trading Volume: 182,558
Technical Sentiment Signal: Sell
Current Market Cap: £5.22M
Learn more about HDD stock on TipRanks’ Stock Analysis page.