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.
I figure this Dec 23 result is the nadir for ADA. June 24 will...
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $46.11M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 60.0¢ | $30.88K | 51.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10166 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 3915 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ADA (ASX) Chart |