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The latest update is out from Weebit Nano Ltd. ( (AU:WBT) ).
Weebit Nano Ltd has filed Change of Director’s Interest notices reflecting the issue of Restricted Share Rights (RSUs) to its directors, the subsequent vesting and conversion of those RSUs into ordinary shares under the company’s Employee Incentive Option Plan, and a partial share sale by director Coby Hanoch. The company said Hanoch sold approximately 2.5% of his holdings to meet personal financial obligations, signalling only a modest reduction in his stake while maintaining substantial alignment with shareholders, and underscoring the ongoing use of equity-based incentives to retain and reward its board.
The most recent analyst rating on (AU:WBT) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Weebit Nano Ltd. stock, see the AU:WBT Stock Forecast page.
More about Weebit Nano Ltd.
Weebit Nano Ltd is a semiconductor technology company that develops and licenses advanced non-volatile memory solutions. Its core product is Resistive RAM (ReRAM), designed to deliver higher performance and lower power consumption than conventional flash memory for applications in AI, Internet of Things (IoT), wearables, automotive, industrial automation, robotics, neuromorphic computing and other electronic devices. The technology is based on standard, fab-friendly materials, enabling relatively quick and low-cost integration into existing manufacturing flows without significant capital investment.
Average Trading Volume: 1,062,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.01B
For an in-depth examination of WBT stock, go to TipRanks’ Overview page.