Depends on the fundamentals. If no fundamental changes take place on the balance sheet and otherwise, it will probably drop back to its pre-Covid sugar rush levels of $0.2-0.3 and eventually get delisted / acquired for a penny. In this case, there's no long-term PT to speak of. If it becomes a cash making business - something that is hard to foresee at this stage - you would have to reassess the situation.
Look at the long-term chart of NVX. It speaks volumes. What we see is undeniably a classic pump and dump. Many companies without cash flow experienced a similar pattern during the covid-era excessive liquidity - this includes BNPL and many companies associated with EV / renewables.
Media Watch - NVX related, page-6824
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Last
68.5¢ |
Change
-0.045(6.16%) |
Mkt cap ! $337.5M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.5¢ | 68.3¢ | $729.6K | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 59265 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NVX (ASX) Chart |