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
$1.70 |
Change
-0.140(7.61%) |
Mkt cap ! $289.4M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.70 | $456.4K | 259.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 8662 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |