Morningstar's FVE is not a price target. It's what they believe would be a fair price to buy the stock for, right now, based on a long-term prediction of the company's performance. So when the company delivers disappointing news in the short term, it may or may not change their long-term view of the company.
In this case it did, as I quoted above, affect their view of how long it will take for GEM to recover. Hence dropping their FVE.
If you think about it, it does actually make sense.
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Last
$1.17 |
Change
0.015(1.30%) |
Mkt cap ! $902.7M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.16 | $1.354M | 1.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 404 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 51097 | 4 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |