It's just undergoing a de-rating given that the growth profile has been slashed quite substantially in the most recent guidance. The company can say it will "target" 20-40% ACV growth in the medium-long term, but the reality is it's only growing at ~16% this FY on the most recent guidance (using the mid-point of the range provided), which is anemic for a tech company.
It's now at a key TA level. Probably due for a dead cat bounce after a 30% fall.
NEA Price at posting:
$1.61 Sentiment: None Disclosure: Not Held
