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An announcement from Quixant ( (GB:NXQ) ) is now available.
Nexteq plc has bought back 109,259 of its own ordinary shares at 73.22 pence per share, which will be held in treasury, reducing the number of shares in public hands. Following this transaction, the company’s issued share capital remains 66,539,060 ordinary shares, of which 8,182,803 are now held in treasury, leaving 58,356,257 shares carrying voting rights that shareholders must use as the reference figure when assessing disclosure obligations under UK transparency 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 technology group whose ordinary shares trade on the AIM market of the London Stock Exchange. The company maintains a typical listed-company capital structure with issued ordinary shares and treasury shares, and is subject to the FCA’s Disclosure Guidance and Transparency Rules governing shareholder notification requirements.
Average Trading Volume: 97,995
Technical Sentiment Signal: Strong Sell
Current Market Cap: £42.14M
See more insights into NXQ stock on TipRanks’ Stock Analysis page.