I'd say AMS was oversold on Friday after a few holders shat the bed over the CEO news. People shouldn't forget that the company is actually doing very well in its overall performance, whoever has been in charge at the Melbourne HQ
15 Feb 2022
"Atomos delivers record 1H FY22 results - Highlights:
• Record revenue of $40.9m, up 25% on pcp (previous corresponding period)
• Proforma EBITDA of $3.2m (7.8% of sales) up 33% on pcp, 1H FY21: $2.4m (7.3% of sales)
• Inventory investment protecting against supply chain interruptions
• Atomos expects new product launches to drive sales growth in 2H FY22 and maintains revenue guidance of $95m+ for the full year as well as EBITDA of 12-15%"At Friday's close of 73.5c, there's now an unusually large potential upside in the SP in relation to recent broker price targets:
16/02/2022 9:45AM Dow Jones Atomos Price Target Cut 1.1% to A$1.87/Share by Morgans (headline only)
16/02/2022 7:31AM Dow Jones Atomos Price Target Raised 1.1% to A$1.92/Share by Ord Minnett (headline only)
That's an increase of ~2.5x in the share price from here.
I don't think the SP will stay at this level for very long.
All IMHO,DYOR
