Seems like a few healthcare stocks going on a move of late and the market finally waking up to how undervalued PIQ is compared to peers.
RHY - mkt cap ~$140m, large potential market but still a few years away (1-2 years?) from test hitting the mkt, no pipeline mentioned in AGM Preso.
RENX/RNLX - mkt cap ~A$700m, smaller target market than PIQ (going after late stage DKD), no commercial sales, no CE Mark, no pipeline mentioned in company presos.
PIQ - mkt cap $58m - large target market, test is CE Mark approved, initial licence deals executed, first sales in in CY21, broad/deep pipeline of other diagnostic tests.
Plus other mkt caps in peer group table below:
If PIQ has a market cap of $140m, like RHY, share price will be $1.33
If PIQ has a market cap of the ave of some of its peers below, say $250m, share price will be $2.38
I'll leave everyone to do their own calcs for what the SP would be if they get to RENX's mkt cap....
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Last
65.0¢ |
Change
-0.045(6.47%) |
Mkt cap ! $85.15M |
Open | High | Low | Value | Volume |
68.5¢ | 68.5¢ | 65.0¢ | $98.86K | 149.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 36446 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 5290 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 36446 | 0.650 |
1 | 1550 | 0.645 |
2 | 7000 | 0.630 |
1 | 1650 | 0.620 |
1 | 1626 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.660 | 5290 | 1 |
0.670 | 19076 | 4 |
0.685 | 100000 | 1 |
0.700 | 1165 | 1 |
0.710 | 7000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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PIQ (ASX) Chart |