its a growth stock plain and simple. its being valued at 5x sales 2022/23 sales. thats not a huge valuation. huge historical rotation from growth stocks to value stocks. Quadpay is growing over 100% per annum. this kind of growth is scarce.
Value stock Indices like DAX and DOW havent had a down day in ages. AS i type this, DAX futures is shooting for its biggest week ever in history, even stronger than the GFC rebound. this is hurting the growth stock trade and its unravelling in a historical rate for now. Currently only airlines, travel related stocks, banks and lithium, unloved sectors are catching a huge bid. Healthcare, cloud, software names have all been hit very hard.
$10 Party, page-699
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Last
$2.37 |
Change
-0.050(2.07%) |
Mkt cap ! $3.068B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.46 | $2.34 | $26.15M | 10.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21067 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 215 | 1 |
View Market Depth
| Last trade - 15.59pm 18/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |