Not everyone is convinced the prise rise is sustainable.
"Its valuation is wild," Rodney Forrest, director of Sublime Funds Management, told Capital Brief.
"Cumulative losses sit at around $40 million. There's been a three times increase in the share count, no change in the profit pool and the insiders sold stock at 70 cents.
Putting his money where his mouth is, Forrest – who previously worked as an analyst for the family office of Platinum Asset Management co-founder Kerr Neilson – has now entered a small short position against DroneShield, betting its momentum is unsustainable.
capitalbrief.com/article/short-sellers-circle-droneshield-as-it-nears-wild-2b-market-cap-ade56101-a3ab-41c6-adaa-4be3720d5a96/preview/
Drone News, page-1041
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Last
$1.36 |
Change
0.028(2.07%) |
Mkt cap ! $1.186B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.35 | $18.38M | 13.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 67475 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 61820 | 14 |
View Market Depth
| Last trade - 13.51pm 08/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |