The market can be an irrational mistress.
Management are not coming out to change the sentiment because share price movements have zero impact to their day to day operations.
If they were about to do a capital raise, it might be a different story.
As others mentioned this has been an emotional sell, compounded by stop loss triggers and opportunistic short selling.
Fundamentals of the business have not declined 20% today - that is ridiculous.
My short term price targets are $15.75 and long term $32.66.
APX is way oversold
Ann: Response to ASX Price Query, page-33
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 (20min delay)
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Last
$1.87 |
Change
0.070(3.89%) |
Mkt cap ! $417.1M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.94 | $1.82 | $23.27M | 12.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35375 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 102996 | 5 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |