I’m now sure I would go as far as too say cringeworthy, but perhaps some should be a little bit cautious about here if really expecting a second blow off top within a short span of time, particularly when macro markets are looking increasingly unfavourable.
I wouldn't like to upset the faithful, as I am one, I wouldn’t like to see the savings of the innocent unduly dented too.
A2M guidance is for FY revenues of between NZ$300M and NZ$315M.
Analyst consensus, just a couple of working weeks on, is for FY revenues of NZ$320M providing for an associated consensus price target of NZ$1.49.
So there is optimism built in already at that NZ$1.49 price target.
It would take an unrealistically absurd out perform on revenues to justify $3 on a fundamental basis, but then some will now undoubtedly post that analysts are always wrong and spend all their time manipulating the market.
Hope is not an investment strategy, if you are new to this and find yourself wishing the share price up, that might be a signal for a time of reflection.
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Last
$4.82 |
Change
-0.080(1.63%) |
Mkt cap ! $3.518B |
Open | High | Low | Value | Volume |
$4.92 | $4.95 | $4.80 | $5.926M | 1.222M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3951 | $5.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.44 | 257 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3951 | 5.130 |
2 | 43784 | 5.100 |
5 | 11914 | 5.070 |
3 | 26281 | 5.060 |
1 | 80949 | 5.020 |
Price($) | Vol. | No. |
---|---|---|
4.440 | 257 | 2 |
4.550 | 20000 | 1 |
4.560 | 24331 | 1 |
4.570 | 37777 | 7 |
4.580 | 42128 | 8 |
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