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Nanoco Group plc ( (GB:NANO) ) just unveiled an update.
Nanoco Group PLC has issued 935,778 ordinary shares to cover the deferral of fees for both current and former non-executive directors, as previously announced. Of these shares, 160,021 were sold to meet tax and insurance obligations, while the remaining shares are retained by the directors. This move is part of the company’s ongoing efforts to manage its financial obligations and maintain transparency with stakeholders, with the shares set to be listed on the London Stock Exchange by 19 September 2025.
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 is a leading company in the development and manufacture of cadmium-free quantum dots and other specialized nanomaterials. The company focuses on leveraging its technology platform to produce these advanced materials for various applications.
Average Trading Volume: 490,124
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.16M
For a thorough assessment of NANO stock, go to TipRanks’ Stock Analysis page.