No. Price is purely the consequence of supply versus demand. As we know, both of these (especially demand) can fluctuate for a host of reasons, including (though not exclusively) factors related to crowd psychology. In brief, psychology dictates whether the crowd's focus is on long term factors (usually associated with anticipated business & economic performance) or short term factors (like fears of price falls, or excitement about possible corporate action, to give two examples).
Unless you believe a fair price fluctuates with whims of psychology, then it cannot be assumed that price is always fair.
Ann: Funds Under Management - March 2024, page-9
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Last
$1.04 |
Change
-0.035(3.26%) |
Mkt cap ! $605.4M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.08 | $1.04 | $1.985M | 1.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 75931 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 6298 | 1 |
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