It's not uncommon for some IPO stocks to dive lower upon listing. I've personally seen it happen to a few stocks & I'm currently invested in another stock that did just that. Some of the reasons might be, that the market is unaware of W2V & global markets & tech stocks are taking a hit, but that doesn't mean W2V won't stop growing. If this growth continues, she has to break even at some point. Then things get interesting.
In a high inflationary environment, businesses would want to increase their revenue, manage costs & save money. W2V can do that for them, it also takes time to grow a customer base. A 97% retention rate helps that process.
Someone show me another company on the ASX with a 79% gross profit margin?
Let's compare the pair.
W2V Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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