EVE 0.00% 0.1¢ eve health group limited.

EVE this week, page-289

  1. 84 Posts.
    lightbulb Created with Sketch. 46
    My reading is the fundamentals don't support the share price. If the world market "is in excess of $500m" revenue (as per EVE's speeding fine reply) and if EVE achieved a very unlikely 10% of world min revenue, ie $50m, then whats the profitability? If you said 30%, ie they made say $15m after tax, then at 5x PE its a $75m market cap. At 4/12 close it was ~$50m cap and its not really producing yet! A 2.9c open going to 3.3c saw a number of long term large holders bail out in volume today. The reason I expect was valuation, and the price moving +7x in 4 weeks. I detected reasonably significant algo action from my observation, but when >50% of the shares dump the price this tells you something. Hoping EVE does well, but looks like it's gone too hard for the time being.
 
watchlist Created with Sketch. Add EVE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.