market is forward looking.
Given the share price has dropped 20% from the time of that announcement, to what extent is a disappointing q4 already being priced in?
Personally I don't know. And further more for me a possession view on A2m involves regarding it as a turnaround stock. Therefore q4 is less important than trying to estimate earnings two years forward.
key in my option is to watch consensus analysts expectations for FY23, this is the number that will move the share price longer term.
Time will tell
Chart Update, page-18773
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Last
$5.40 |
Change
-0.060(1.10%) |
Mkt cap ! $3.909B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.45 | $5.32 | $21.75M | 4.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | $5.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.41 | 17905 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |