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Xaar plc ( (GB:XAR) ) has issued an announcement.
Xaar plc announced that Paul James, the Chief Financial Officer and Executive Director, has purchased 7,889 ordinary shares of the company at a price of £1.255 per share, totaling £9,900.70. This transaction, conducted in London, aligns with the UK Market Abuse Regulation and reflects potential confidence in the company’s future prospects.
Spark’s Take on GB:XAR Stock
According to Spark, TipRanks’ AI Analyst, GB:XAR is a Neutral.
The overall stock score is influenced by the company’s financial challenges and poor valuation, which are offset by strong technical indicators and positive corporate actions. The recent director’s share purchase is a vote of confidence, while upward momentum in technical analysis suggests potential for price appreciation. However, caution is advised due to the company’s operational inefficiencies and lack of profitability.
To see Spark’s full report on GB:XAR stock, click here.
More about Xaar plc
Xaar plc operates in the technology sector, specializing in the development and production of digital inkjet technology. The company focuses on providing innovative printing solutions for various industries, including graphics, packaging, and industrial applications.
Average Trading Volume: 131,558
Technical Sentiment Signal: Buy
Current Market Cap: £99M
For an in-depth examination of XAR stock, go to TipRanks’ Overview page.