"This stock is becoming a joke, 6th day straight in red. Management doesn't care. No Ann's".
To my mind, there is absolutely nothing remarkable or surprising at all about the recent price drop. If anything, I believe strong arguments could be made the BRN share price is still grossly overvalued.
This is a company with a market cap of approximately $1 billion with little to no meaningful revenue and which operates in a ferociously competitive sector.
What IS remarkable is how BRN managed to achieve its current share price in the first place, let alone rise to over $2 at one point.
2023 BrainChip Discussion, page-85
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Last
25.3¢ |
Change
-0.033(11.4%) |
Mkt cap ! $461.4M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 24.0¢ | $6.524M | 25.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1129569 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 798065 | 28 |
View Market Depth
| Last trade - 15.34pm 02/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
-0.033 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 28.5¢ | 24.0¢ | 20323487 | ||
| Last updated 15.54pm 02/05/2024 ? | |||||
| BRN (ASX) Chart |