It’s called FOMO. Once that kicks in, it sends a stock to overdrive due to hype etc.
Seen it happen over the years. It means that if the next quarterly result is poor, then this will fall just as fast as it rose. However on the flip side, if the results are strong, then this will rise even faster than it already has.
Everyone will want in. Look at Afterpay if you want the perfect example of what FOMO can do to a hyped up stock.
Difference with Droneshield though is they have multiple avenues of generating revenue (product itself and SaaS component) with variety of industries to sell to.
Not even trying to overhype here. But this is the one stock right now on the ASX that can get to $10+ in the near term, due to the popularity of it.
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95.5¢ |
Change
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Mkt cap ! $832.8M | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | 97.0¢ | 93.8¢ | $6.558M | 6.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10204 | 95.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.5¢ | 384671 | 8 |
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