MX1 – Morgans rates the stock as Add (Sh@reC@fe 2/10/20)
MICRO-X LIMITED Micro-X has signed its first contract for the Rover worth $1.4m. This was facilitated by the World Health Organisation with units to be sent to a number of Pacific Island nations. The Rover is a more rugged version of the Nano (portable X-ray unit) and designed for extreme operational scenarios, explains Morgans.
Importantly for the broker, the contract win indicates success of the direct marketing strategy enabling the company to retain a higher margin, given there is no distributor.
The analyst assumes 30 Rover units are sold in FY21, which accounts for around 30% of forecast revenue.Morgans believes the company has reached a clear pivotal point and further sales momentum is likely.
The Speculative Buy and target price of $0.34 are unchanged.Sector: Health Care Equipment & Services.Target price is $0.34.Current Price is $0.23. Difference: $0.11 – (brackets indicate current price is over target).
If MX1 meets the Morgans target it will return approximately 32% (excluding dividends, fees and charges – negative figures indicate an expected loss).
- Forums
- ASX - By Stock
- MX1
- Ann: Micro-X Market update - First Sale of Rover
Ann: Micro-X Market update - First Sale of Rover, page-16
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MX1 (ASX) to my watchlist
|
|||||
Last
7.5¢ |
Change
-0.001(1.32%) |
Mkt cap ! $43.62M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 7.5¢ | $17.47K | 232.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 65319 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 174070 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65319 | 0.075 |
5 | 297177 | 0.074 |
2 | 101666 | 0.072 |
2 | 263295 | 0.071 |
3 | 69208 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 174070 | 1 |
0.078 | 49999 | 1 |
0.080 | 475530 | 2 |
0.083 | 212195 | 2 |
0.087 | 25000 | 1 |
Last trade - 15.54pm 23/07/2024 (20 minute delay) ? |
Featured News
MX1 (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online