Best time to buy A2M would be in May IMO, for the following reasons :
1) Seasonality chart (1st chart below) suggests that stock price is historically at its lowest every May.
2) COVID-19 fear will hopefully start subsiding by May.
3) Chances are that despite good growth, market could still be disappointed after the interim report. Current price has very high growth expectations built into it. I have already shown YOY growth is slowing down. Stock price is currently being pumped-up for risk covering by substantial holders IMO (in case they have to offload).
4) ATM is currently underperforming as compared with NZX50 (see the 2nd chart below). Reason IMO is the recent exodus of c-suite. It will probabbly take time beyond May to find suitable replacements.
5) Last, but not the least, the lower breakaway gap might get filled by May if things go wrong on 27th Feb
source:directbroking
As always, please DYOR and respond logically, not emotionally.
2019-nCOV, page-327
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Last
$5.59 |
Change
-0.120(2.10%) |
Mkt cap ! $4.047B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.71 | $5.56 | $12.05M | 2.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 483 | $5.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.61 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |