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The latest announcement is out from Quixant ( (GB:NXQ) ).
Nexteq plc has repurchased 25,000 of its own ordinary shares at 73.35 pence per share, with the shares to be held in treasury, as part of its ongoing capital management strategy. Following this buyback, the company’s issued share capital remains at 66,539,060 ordinary shares, of which 8,207,803 are now held in treasury, leaving 58,331,257 shares in issue with voting rights, a key reference figure for shareholders monitoring disclosure thresholds under UK regulatory rules.
The most recent analyst rating on (GB:NXQ) stock is a Hold with a £77.00 price target. To see the full list of analyst forecasts on Quixant stock, see the GB:NXQ Stock Forecast page.
Spark’s Take on GB:NXQ Stock
According to Spark, TipRanks’ AI Analyst, GB:NXQ is a Neutral.
Quixant’s overall stock score is primarily influenced by its strong financial performance, particularly in cash flow and equity stability. However, technical analysis indicates bearish trends, and the negative P/E ratio raises concerns about profitability. The high dividend yield offers some compensation, but overall, the stock faces challenges in market momentum and valuation.
To see Spark’s full report on GB:NXQ stock, click here.
More about Quixant
Nexteq plc is a UK-listed group whose ordinary shares trade on AIM. The company operates through a diversified technology-focused portfolio, though this announcement centres on its capital markets activity rather than its underlying products or services.
Average Trading Volume: 94,283
Technical Sentiment Signal: Strong Sell
Current Market Cap: £42.89M
For an in-depth examination of NXQ stock, go to TipRanks’ Overview page.