Brendon Lau: Audinate Group Ltd (ASX: AD8)
Audinate Group’s technology is well placed to become the de facto standard in the music and audio industry. The recent pullback in the Audinate share price from its high of $8.54 represents a good buying opportunity as the stock is trading on a relatively modest market cap of under $500 million. If Audinate’s technology does become an industry benchmark, its share price should be worth a lot more.
Motley Fool contributor Brendon Lau owns shares of Audinate Group Ltd.
Audinate Group Ltd (ASX: AD8)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $10.30 price target on this digital Audio-Visual networking technology provider following its investor day event. The broker left the event feeling even more confident in the company’s prospects thanks to its competitive advantage and long-term growth opportunity. Morgan Stanley also appears confident in Audinate’s opportunity in the video market. I agree with the broker and believe it is one of the best small cap shares on the ASX.
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Last
$9.54 |
Change
0.210(2.25%) |
Mkt cap ! $795.0M |
Open | High | Low | Value | Volume |
$9.10 | $9.64 | $8.96 | $2.315M | 246.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6348 | $9.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.67 | 6348 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6348 | 9.520 |
5 | 8700 | 9.500 |
1 | 1649 | 9.460 |
1 | 3000 | 9.450 |
1 | 1649 | 9.420 |
Price($) | Vol. | No. |
---|---|---|
9.670 | 6348 | 1 |
9.680 | 2500 | 1 |
9.700 | 1649 | 1 |
9.710 | 2790 | 3 |
9.740 | 1649 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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AD8 (ASX) Chart |