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Nanoco Group plc ( (GB:NANO) ) has issued an announcement.
Nanoco Group plc is responding to a legal claim by Shoei Chemical Inc. and Shoei Electronic Materials, Inc., who are seeking a declaratory judgment of non-infringement regarding certain Nanoco patents. This legal action follows Shoei’s acquisition of assets from Nanosys, Inc., another quantum dot manufacturer. Nanoco is consulting with legal counsel to determine its next steps and will provide updates to its shareholders as the situation develops.
The most recent analyst rating on (GB:NANO) stock is a Hold with a £11.50 price target. To see the full list of analyst forecasts on Nanoco Group plc stock, see the GB:NANO Stock Forecast page.
Spark’s Take on GB:NANO Stock
According to Spark, TipRanks’ AI Analyst, GB:NANO is a Neutral.
The overall stock score of 44 reflects significant financial challenges, including a net loss and negative equity, despite strong revenue growth and cash flow management. Technical indicators show bearish trends, and valuation metrics are concerning due to a negative P/E ratio. The earnings call highlighted both opportunities and risks, with restructuring efforts and market potential being positive, but revenue decline and ongoing uncertainties weighing on the outlook.
To see Spark’s full report on GB:NANO stock, click here.
More about Nanoco Group plc
Nanoco Group plc operates in the technology sector, specializing in the development and manufacture of quantum dots and other nanomaterials. The company focuses on applications in display, lighting, and bio-imaging markets.
Average Trading Volume: 397,841
Technical Sentiment Signal: Strong Sell
Current Market Cap: £17.23M
See more insights into NANO stock on TipRanks’ Stock Analysis page.