I could see a slow pathway back to $10 if things go well but there is no valuation support for a 10 dollar stock price today. That would be 7.5bn market cap and would require the company to be doing 300 million of net profit instead of the 150 million we did last year. When he stock was trading at upwards of 18 a share, the earnings were around 400 million and growing much quicker.
Chart Update, page-24959
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |