On Monday, Ilika plc saw its stock price surge above its 50-day moving average, indicating a positive shift in its trading pattern. Throughout the trading day, the stock’s 50-day moving average was at GBX 41.04 ($0.53) and reached a peak of GBX 45.68 ($0.59). By the end of the trading session, Ilika’s shares settled at GBX 44.50 ($0.57), with a total of 90,599 shares exchanged.
Berenberg Bank, an analyst firm, recently revised Ilika’s price target from GBX 125 ($1.60) to GBX 120 ($1.54). Despite the adjustment, they maintained a “buy” rating for the stock. This modification occurred on Tuesday, May 23rd.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.