Filtronic Stock Analysis

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Filtronic Stock Analysis

Filtronic (Ftc) Stock: Is It A Buy Or Not?

Filtronic (FTC) is one of the select few stocks in the UK market that managed to give impressive returns this year. The stock is up by more than 80% and is now on its way to enter the FTSE 250.

The Filtronic (FTC) is basically a manufacturing company that serves the space and defence industries. The stock has gained almost 10x upside since 2023, while its market cap is only 296 million.

Filtronic (Ftc) Signs Deal With Spacex

However, what caught everyone's attention was that Filtronic (FTC) had signed a contract with SpaceX. Now, that's a big deal that could send the Filtronic (FTC) stock to new highs.

Filtronic (FTC) manufactures components for wireless communication. This includes the microwave, RF, and mmWave bands.

The products from Filtronic (FTC) have a lot of military applications, which means there will be ample demand. The amplifiers and receivers of Filtronic (FTC) can also be used in space tech, which is why they recently signed a contract with SpaceX.

Ever since the deal with SpaceX, the stock of Filtronic (FTC) has gained almost 81% upside. This is a sign that the potential for more upside in Filtronic (FTC) is still present, given the company's strong presence.

quick look at the data shows that the P/E ratio of Filtronic (FTC) is around 23. Meanwhile, the forward P/E of Filtronic (FTC) is 50, which is very reasonable.

The Filtronic (FTC) company only has a few clients, but they are all big names. This shows that the company needs to diversify its client base as there is a serious concentration risk.

Overall, the Filtronic (FTC) is a very speculative stock, which means it is not for everyone. Especially those who are looking for strong dividend stocks, Filtronic (FTC) isn't the best choice.

But for those who are willing to take the risk and are looking for growth stocks, it can be worth looking at Filtronic (FTC) stock.

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