In my experience, people love to cite some phantom market manipulation when their investment is declining in price. This company has shown excellent growth, albeit only for the last year or so. The company also changed their name and had a public board spat, both can be negative for share price in the short term.
Additionally, the market is inversely correlated with interest rates. At some point, the central banks will stop raising rates, and it's even possible they will be cut. This is not the only ASX stock which is criminally undervalued at the moment, however instead of calling the CEOs resignation, it would be more constructive to layout short, medium and long term price forecasts based on revenue projections and growing profitability. If you zoom out and think that this share price will still be sitting at this level in 1, 2 or 5 years time, then just sell. This is not a momentum stock, it's a fast growing company with good fundamentals in a growing industry.
*edit: thought I was responding to another previous user who is calling incessantly for the CEOs head because he's not happy with his market update frequency.
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Last
8.6¢ |
Change
-0.004(4.44%) |
Mkt cap ! $49.52M |
Open | High | Low | Value | Volume |
9.0¢ | 9.3¢ | 8.5¢ | $25.36K | 284.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37687 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 19238 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37687 | 0.086 |
1 | 10001 | 0.085 |
1 | 30000 | 0.084 |
2 | 73063 | 0.080 |
1 | 390 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 19238 | 1 |
0.095 | 10000 | 1 |
0.099 | 90000 | 1 |
0.105 | 127728 | 3 |
0.110 | 75167 | 5 |
Last trade - 15.51pm 25/06/2024 (20 minute delay) ? |
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