Sure I agree and understand.As a fundamentally good business,...

First 21 Last

Share
Profile

Follow
Cr3am

33 Posts.

8

11/02/22

13:21

Post #: 59510464
Share

Originally posted by Deektator: ↑

There is a wider market trend that impacts. Generally ASX stocks tend to suffer a pre-freakout before a US crash then a post-freakout after the US crash, US tech stocks generally have much wilder valuations as a result among other factors. There's also been an increasing trend of sheeple following the vaunted great analysts price targets, and taking 52-week targets as current targets, it's not rare for a broker to post a target and stocks move straight toward there e.g. coal and lithium over the past few months, NEA with the Macquarie a few days ago which capped the price around $1.30.

Then you add on the fact that with so many ETFs and funds in play these days, magnifying the capital movement. NEA being removed from ASX200 meant they needed to sell regardless of company performance, hence the drop then. Add on to the whole sudden doom and gloom over interest rates. Whether rates hit companies financials and to what degree is vastly unimportant in the broader capital movement, if an index tracker sells one they sell all.

So maybe that's part of the missing explanation to the dismal SP performance.

Expand

Sure I agree and understand.

As a fundamentally good business, with a strong growth forecast an expanding market and improving capabilities - it's trading well below it's potential, no?

NEA Price at posting: $1.33 Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 10 more messages in this thread...

First 21 Last

Add NEA (ASX) to my watchlist

Sure I agree and understand.As a fundamentally good business,...

Top Stories

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News