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Itaconix ( (GB:ITX) ) has issued an update.
Itaconix plc announced that its Non-Executive Chair, Peter Nieuwenhuizen, has purchased 8,000 ordinary shares in the company at 110.25 pence per share, increasing his holding to 33,457 shares, or approximately 0.2% of the company’s issued share capital. The insider share purchase, conducted on the London Stock Exchange in accordance with UK Market Abuse Regulation disclosure rules, may be viewed by investors as a signal of board-level confidence in the company’s prospects and governance, although it represents a modest change in overall ownership.
The most recent analyst rating on (GB:ITX) stock is a Hold with a £122.00 price target. To see the full list of analyst forecasts on Itaconix stock, see the GB:ITX Stock Forecast page.
Spark’s Take on GB:ITX Stock
According to Spark, TipRanks’ AI Analyst, GB:ITX is a Neutral.
The overall score reflects Itaconix’s strong revenue growth and improved financial performance as highlighted in the earnings call. However, ongoing profitability challenges, bearish technical indicators, and a negative valuation score due to unprofitability weigh down the overall assessment.
To see Spark’s full report on GB:ITX stock, click here.
More about Itaconix
Itaconix plc is a specialty chemicals company that uses proprietary plant-based polymer technology to produce and sell high-performance ingredients for consumer products. Its polymers are designed to improve the safety, performance, and sustainability of home and personal care goods, supporting new generations of cost-effective, decarbonized consumer products.
Average Trading Volume: 9,049
Technical Sentiment Signal: Sell
Current Market Cap: £15.51M
See more data about ITX stock on TipRanks’ Stock Analysis page.