The reduction in share price today is simply reflecting the adjusted EPS and matching the 7-8 x forward P/E. I can't see any reason for a positive breakout anytime soon primarily because analysts will expect another downgrade before their sentiments turnaround.I am currently reading some Analyst Reports from my trading platform posted within the last week which all recommend "BUY" and "UNDERVALUED" and that was when the share price was $4.50.!!!
Why anyone pays for or takes any notice of this advice is beyond me.
Add to My Watchlist
What is My Watchlist?