Extract from Simply Wall St.
"Market Sentiment Around Loss-Making PolyNovo Limited (ASXNV)
According to the 7 industry analysts covering PolyNovo, the consensus is that breakeven is near. They expect the company to post a final loss in 2022, before turning a profit of AU$8.6m in 2023. Therefore, the company is expected to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 61% is expected, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict."
By looking at the share price behavior, it seems that Mr Market thinks that 2023 will definitely not be the year, and in this respect let's not forget disappointing sales in Europe and Middle East, and that we still know nothing about the expected new CEO's vision.
Extract from Simply Wall St."Market Sentiment Around Loss-Making...
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Last
$2.61 |
Change
0.160(6.53%) |
Mkt cap ! $1.802B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.61 | $2.48 | $4.801M | 1.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2558 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 64745 | 5 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |