Yes I agree Brett. So many of my other stocks are going vert well ATM & EYE is going nowhere.
Strangely enough though, IMO, EYE has some of the best fundamentals - growth, potential market etc. I think people are worried about expenses, jacked up market effort & therefore costs. Hopefully August audited accounts do not show too much of a cost blowout.
73% gross margin (possibly more like 80% now) on US$15.3Mil = US11.2Mil so have expenses for the year been more than US11.2Mil ? i.e. approx. US$3Mil per quarter.
Also plans to ramp up marketing in ROW so more expenses coming there BUT spend $$ to make $$$$$$ would be the plan
Not enough people/funds etc willing to take a punt on the EYE growth story until the picture become clearer. Just have sit tight & see how it plays out.
Nova Eye Medical (EYE) Chart Thread, page-247
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $56.11M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.0¢ | $99.68K | 418.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7787 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 7832 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| EYE (ASX) Chart |