I think ADO has held up quite well compared to the overall US market, with fear rising in the last few trading days, some will consider pulling more out of shares into cash to 'protect capital'.
I had the same thoughts in the last few days as well, but decided that if I had to sell some shares, it wouldn't be ADO, because Covid-19 is still among us and going to be for quite a while. And once ADO starts to sell the rapid Covid-19 tests, we will be taken more seriously and valued accordingly.
Yes, all companies will be affected during an economical downturn but with Covid-19 around, I think we'd be more immune to it, as our product will still be in demand as it is more or less a neccessity. From what I've seen/read from the company/CEO, I'm pretty confident that it is a matter of when, not if - not anymore.
ADO Analysis, page-2707
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Last
2.3¢ |
Change
0.002(7.14%) |
Mkt cap ! $54.19M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $37.28K | 1.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 54601 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1438452 | 5 |
View Market Depth
| Last trade - 15.46pm 06/05/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.3¢ | 2.2¢ | 916967 | ||
| Last updated 15.44pm 06/05/2024 ? | |||||
| ADO (ASX) Chart |