I figure this Dec 23 result is the nadir for ADA. June 24 will be a slight improvement with revenue increasing. And then the market will bid the stock up in anticipation of the Dec 24 result.
The next catalyst is the confirmation of the imminent third major contract announced on the earnings call. If that lands then I think we will have seen the floor for the stock.
Ann: Appendix 4D and Half Year Report for period ended 31 Dec 23, page-10
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Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $38.49M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $23.77K | 46.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17653 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 4299 | 1 |
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| Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
| ADA (ASX) Chart |