AD8 2.21% $17.25 audinate group limited

Been a holder for over 4 years and watched it drop a little...

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    Been a holder for over 4 years and watched it drop a little lower during the covid chip supply issues then soar expoentially in the last 12 months. Its got great financials and balance sheet , revenue will only continue to soar as it widens its offering and expands in a huge market for the new protocols it is setting. Its early in its growth cycle fort his all so I see it as stronger then other quality high p/e asx stock. Was hoping it would sit at 22 at least only because of the expected dip in US stocks very soon given the length of time of record positive growth, which will cause a fall in share price anyway. These drops are expected when a stock has had strong momentum growth in a brief period and the market reflecting the fact it is moving out of a peak, is harder on valuations. This is happening to my other growth stock that had large momentum growth recently as well. As a long though I appreciate that any dip wil likely be over by the August financials so that will see another growth spurt.
 
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Last
$17.25
Change
-0.390(2.21%)
Mkt cap ! $1.433B
Open High Low Value Volume
$17.56 $17.79 $17.16 $4.474M 256.4K

Buyers (Bids)

No. Vol. Price($)
1 330 $17.22
 

Sellers (Offers)

Price($) Vol. No.
$17.40 200 1
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Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
$17.29
  Change
-0.390 ( 2.24 %)
Open High Low Volume
$17.57 $17.67 $17.17 1530301
Last updated 15.59pm 17/05/2024 ?
AD8 (ASX) Chart
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