The days are probably gone where stock prices are tied to Revenue growth. Even with high growth companies.
As posted elsewhere here's Bell Potters forecast on earnings;
2024 - $18.8m
2025 - $26.2m
2026 - $32m
There are definitely risks involved with this companies future growth. Potential Competition, Lack of transparency due to the nature on sensitive contracts, constant need for R&D. The company has a fairly ordinary track record with promising future pipeline. Directors also sold shares under 30c in the past year.
My thoughts are these risks can't justify a PE above 20. Market cap of 400 Million and SP of 68 cents for June 2024.
The days are probably gone where stock prices are tied to...
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Last
81.0¢ |
Change
-0.025(2.99%) |
Mkt cap ! $570.5M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 80.5¢ | $6.849M | 8.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96536 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 2598 | 1 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
81.0¢ |
Change
-0.025 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 84.0¢ | 84.0¢ | 80.5¢ | 2614027 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| DRO (ASX) Chart |