Hey @bubsmark, no one has answered your question so here's my take.
The company is just as good as it was a month ago. The share price just got ahead of itself. Aussie shareholders backed the science and priced future earnings in, whereas the US buyers found it very overpriced as a business at its current stage of development. They may price it more in the 400-500 million market cap range.
The urban myth that shorting has caused the destruction of the sp doesn't hold up. The level of shorting has been fairly stable over the last month. It is about the 32nd most shorted stock on the ASX, not even vaguely in the same league as Myer or JB Hi Fi or GEM. You can check that at:
http://www.shortman.com.au/stock?q=msb
Hopefully that's a little useful - maybe one of the regulars can provide more info for you.
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Last
$2.39 |
Change
-0.045(1.85%) |
Mkt cap ! $3.065B |
Open | High | Low | Value | Volume |
$2.40 | $2.42 | $2.38 | $1.461M | 611.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 126646 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.39 | 41193 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 127794 | 2.380 |
23 | 140426 | 2.370 |
14 | 58455 | 2.360 |
13 | 116241 | 2.350 |
10 | 42182 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 40107 | 34 |
2.400 | 39772 | 28 |
2.410 | 52042 | 10 |
2.420 | 69084 | 10 |
2.430 | 118663 | 14 |
Last trade - 10.51am 07/08/2025 (20 minute delay) ? |
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MSB (ASX) Chart |