Yes unfortunately poor RAC can't seem to take a trick at the moment. PNV and IMU have each added over an entire RAC in market capitalisation to their value in the last 4 trading days whilst we've gone backwards...
Not only has the market completely failed to appreciate recent positive news from RAC, it seems to have also forgotten that RAC is a biotech stock.
Assuming the market has it wrong, RAC must be reaching a point of relatively extreme undervaluation (compared to its peers) and due for a catch up on that basis alone. I don't like to consider the alternative though.
Yes unfortunately poor RAC can't seem to take a trick at the...
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Last
$1.57 |
Change
0.010(0.64%) |
Mkt cap ! $267.5M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.64 | $1.55 | $134.0K | 84.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6283 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 6559 | 2 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |