Market and analysts can't see the anything but what they view with their microscope. The company is going to be listed on nasdaq where the valuations are going to reflect its peers on the nasdaq. The hubble investment is in the single digits millions and has game changing potential for its tile business and follow on to life360.
Yes, it was a surprise. But so was confirmation of the nasdaq listing. A slight miss on some metrics, as well but guidance unchanged.
I think it will be bought up later this afternoon once the panic has subsided. And next week will be fine once the nasdaq listing comps are done by analysts and put out for retail consumption.
Ann: ASX and Media Release - Q1 2024 Results, page-9
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Last
$15.98 |
Change
0.120(0.76%) |
Mkt cap ! $3.531B | |||
| Open | High | Low | Value | Volume |
| $15.80 | $16.00 | $15.67 | $4.101M | 258.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 943 | $15.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.00 | 3285 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| 360 (ASX) Chart |