Already explained in the past why it will crash. Not going to repeat everything again. Simple reason. Intrinsic value of this stock is less than $2 (share price $7.50 bubble). PE 60 and market cap of 5.3 billion. Directors selling at much lower prices. A2 protein is a fad to me (gimmick). No medical proof it does anything IMO. I realise that a lot of people believe in its hype (china etc) which is pushing the share price higher. But this is short term and will not last. There ere much better infant formulas out there like BAL (organic) which is proven to be the healthiest.
is it time to buy or to wait for a correction?, page-152
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Last
$5.69 |
Change
-0.175(2.99%) |
Mkt cap ! $4.099B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $5.84 | $5.63 | $7.555M | 1.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3206 | $5.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.69 | 15687 | 18 |
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| Last trade - 14.30pm 27/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |