This company is not on anyone's radar, gets very little love from institutions and even if they decide to cover it, they will sell it down hard like it happens almost every high open. Take for example, opened at 1.585 with over 300k bought in a single order, then quickly sold down to 153 bid, a 3.5% drop in the first hour, while the rest of the market is up over 1%. I also noticed over the past week there were 250k @ 1.33 and 500k @ 1.36 special single block orders with no updates.
The pricing of their propellers at ten times the standard ones is a big hurdle for most enthusiasts to justify even with the 20% to 30% reported decrease in fuel consumption as the payback period would take months to possible years to breakeven. I see very limited upside for this stock and am considering bailing as price action indicates that this has reached peak valuation. They have simply priced their product out of the market, innovation or otherwise.
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Last
$1.59 |
Change
-0.065(3.94%) |
Mkt cap ! $215.1M |
Open | High | Low | Value | Volume |
$1.57 | $1.61 | $1.56 | $590.3K | 373.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19036 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.59 | 2236 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19036 | 1.550 |
1 | 1149 | 1.475 |
1 | 1500 | 1.450 |
1 | 1500 | 1.350 |
1 | 2420 | 1.240 |
Price($) | Vol. | No. |
---|---|---|
1.590 | 2236 | 1 |
1.600 | 2000 | 1 |
1.605 | 851 | 1 |
1.610 | 4814 | 1 |
1.680 | 905 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.57 |
  |
Change
-0.065 ( 4.27 %) |
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Open | High | Low | Volume | ||
$1.58 | $1.61 | $1.57 | 90910 | ||
Last updated 15.59pm 14/06/2024 ? |
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VEE (ASX) Chart |