I think it is extremely unlikely that it will have any real effect on Xero. Worldwide- governments in the countries where Xero has a subscriber base have indicated they will give fiscal support to small businesses. I imagine if cashflow actually is a squeeze, the accounting software will be the last to go. Xero has a rock solid balance sheet and can weather the storm. Even if there was a recession, I personally believe that software like Xero provides an edge to users, and those that use this software will thrive relative to those that don’t.
I didn’t add, but it did go very very close to my buy in price so those that picked the bottom on Friday I believe got a very good deal. I haven’t sold any and have no plans to do so until evidence of business deterioration occurs. I noticed for the first time that Xero has actually become a low volatility stock on the ASX (beta < 1), which provides a very nice protection to my portfolio during these sorts of times.
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Last
$141.50 |
Change
4.660(3.41%) |
Mkt cap ! $21.60B |
Open | High | Low | Value | Volume |
$137.93 | $141.72 | $137.87 | $77.17M | 548.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 102 | $141.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$141.50 | 361 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1010 | 141.120 |
1 | 739 | 141.090 |
1 | 157 | 141.070 |
1 | 1104 | 140.870 |
1 | 35 | 140.800 |
Price($) | Vol. | No. |
---|---|---|
141.500 | 361 | 1 |
141.720 | 200 | 1 |
141.750 | 100 | 1 |
141.940 | 157 | 1 |
141.950 | 1053 | 2 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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XRO (ASX) Chart |