Alphawave IP Group PLC -6.2% potential downside indicated by Barclays

Alphawave IP Group PLC with ticker (LON:AWE) now has a potential downside of -6.2% according to Barclays.



Barclays set a target price of 130 GBX for the company, which when compared to the Alphawave IP Group PLC share price of 139 GBX at opening today (26/06/2023) indicates a potential downside of -6.2%. Trading has ranged between 88 (52 week low) and 168 (52 week high) with an average of 890,226 shares exchanging hands daily. The market capitalisation at the time of writing is £987,145,576.

Alphawave IP Group plc is a United Kingdom-based company that is primarily engaged in providing wired connectivity solutions. The Company serves various markets, such as data centers, artificial intelligence (AI), 5G wireless infrastructure, data networking, autonomous vehicles and solid-state storage. Its products include Connectivity IP Cores, Integrated Product IP Cores and Chiplet IP Cores. The Company’s wired Connectivity IP supports a wide range of data rates from 1Gbps to 112Gbps. Its Integrated Product IPs are designs for products that can be licensed by customers and either customized further or manufactured as-is. The Company’s wholly owned subsidiaries include Alphawave IP Inc., Alphawave IP Corp., Alphawave IP (BVI) Ltd, Alphawave Call. Inc., Alphawave Exchange Inc. and Alphawave IP Limited.