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Ilika plc ( (GB:IKA) ) just unveiled an update.
Ilika plc has announced the successful commissioning of its Goliath automated pilot line, marking a significant step in its solid-state battery production capabilities. This development allows Ilika to deliver solid-state battery prototypes to customers, enhancing manufacturing yield and consistency. The pilot line’s operational status supports the delivery of 10Ah and 50Ah battery prototypes for customer testing and validation, aligning with Ilika’s commercialisation strategy. The company plans to further scale production in collaboration with the UK Battery Industrialisation Centre and other partners, reinforcing its position in the battery technology industry and advancing towards its licensing objectives.
The most recent analyst rating on (GB:IKA) stock is a Hold with a £39.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.
Spark’s Take on GB:IKA Stock
According to Spark, TipRanks’ AI Analyst, GB:IKA is a Neutral.
Ilika plc’s overall stock score is primarily impacted by its financial performance, which is currently weak due to declining revenues and negative profitability. Technical analysis provides a mixed view with slight short-term bullish momentum but potential bearish trends. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:IKA stock, click here.
More about Ilika plc
Ilika plc is a global leader in the development of solid-state battery technology, catering to industries such as electric vehicles, medical devices, and consumer appliances. The company offers two main product lines: Stereax batteries for miniature medical implants and IoT applications, and Goliath batteries for electric vehicles and cordless appliances. Ilika operates on a licensing business model, providing its intellectual property to OEMs and manufacturing partners for license fees and future royalties.
Average Trading Volume: 231,769
Technical Sentiment Signal: Hold
Current Market Cap: £81.37M
Find detailed analytics on IKA stock on TipRanks’ Stock Analysis page.