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Velocity Composites Plc ( (GB:VEL) ) has shared an announcement.
Velocity Composites plc announced the exercise of 604,167 share options by its Chief Commercial & Compliance Officer, Matthew Archer, with a portion sold to cover tax liabilities. These shares are set to be admitted to trading on AIM, increasing the company’s total ordinary shares to 54,669,371. This move is part of Velocity’s ongoing strategic efforts to enhance its market presence and operational flexibility.
The most recent analyst rating on (GB:VEL) stock is a Buy with a £50.00 price target. To see the full list of analyst forecasts on Velocity Composites Plc stock, see the GB:VEL Stock Forecast page.
Spark’s Take on GB:VEL Stock
According to Spark, TipRanks’ AI Analyst, GB:VEL is a Neutral.
Velocity Composites Plc’s overall score reflects moderate potential in the aerospace and defense industry, with recent corporate events and technical indicators showing positive momentum. However, significant challenges remain in achieving profitability and improving cash flows, as reflected in the financial performance and valuation scores.
To see Spark’s full report on GB:VEL stock, click here.
More about Velocity Composites Plc
Based in Burnley, UK, Velocity Composites plc is a leading supplier of composite material kits primarily serving the aerospace industry. The company aims to reduce costs and improve sustainability for major clients such as Airbus, Boeing, and GKN. Velocity is also exploring expansion opportunities in new markets like wind energy, urban air mobility, and electric vehicles, where the demand for composites is anticipated to grow.
Average Trading Volume: 77,679
Technical Sentiment Signal: Buy
Current Market Cap: £15.14M
See more data about VEL stock on TipRanks’ Stock Analysis page.