IRI has definitely seen a pretty decent reversal, really is just the start however although I doubt we'll break $4 or so without another earnings upgrade cycle - Market is still spooked from the last update.
IRI is very similar to where Technology One (TNE) was a few years back when they transitioned to a SaaS model, short term pain for long term gain as we restructure. This business has some of the best metrics on the ASX, always has been quite cyclical - But now we've hit the bottom should be a decent hold from these levels.
Something brewing?, page-2
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 63.0¢ | 60.0¢ | $605.3K | 988.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27000 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5927 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |