Most of them cater only for the short term profits and don't care much for the science or its potential.
The algorithms they use only factor in share price activity over the previous 3 to 6 months and can it double in SP in the next 4 weeks.
Plus, biotech companies are very speculative and live and die on their latest results.
Longer term holders can see the potential, know the company is cashed up and are more in tune with its history.
So I guess no great surprise if these analysts pass over all that and have a sell sentiment. They won't influence me and I doubt they will influence 99.9% of the people owning IMU shares.
Why IMU is a multi multi bagger, page-5252
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Last
5.7¢ |
Change
0.001(1.79%) |
Mkt cap ! $418.9M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.4¢ | $461.9K | 8.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1082545 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 603058 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |