Trading view is taking into account a 1 - 1.3 split that never happened. There was a CR on the 2nd April but it recons there was a split... this is really bad news for trading view if their numbers are wrong and I can't change it either it seems. The price is actually wrong for many other shares too but only slightly.
Prices after 2nd April is accurate though, so if we now use 10.40 as this year's height and 12 as the all time height, we get: 10.40 * 186m = 1.93b mc 12 * 164m = 1.96b mc
currently trading at 3.95 * 338m = 1.33b mc
In other words, WEB is trading at ~31% discount to all time highs from a mc pov.
For a company who's revenue has hit 0 for the last two quarters.
At $4.50 * 338, it's mc would be at 1.5b, at $5.80 it'd be worth what it was before covid.
I imagine for shorter term holders, your best bet is to wait until the anz bubble is declared, retail sentiments will be high, silently TP at the heights. Their reporting cycle has changed too so that will affect SP.
For me though, I could see myself getting in sub $2.60 for a long term hold, but not at these valuations. There are *MUCH* better ways to grow capital.
WEB Price at posting:
$3.96 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)