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2.05%

$2.98 nanosonics limited

...and yet the share price seems to drift downwards at the...

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Kit67

7,395 Posts.

764

09/02/23

07:51

Post #: 66146853
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Originally posted by idean: ↑

Looking at the "H1 FY23 trading update and revised outlook" again - this company is growing at an increasing rate.

From the release:

Based on the expected H1 FY23 results outlined above, the targets for FY232 have been adjusted as follows:
• Total revenue growth of 36% to 41% (previously 20% to 25%);
• Gross margin of between 77% and 79% (previously 75% to 76%); and
• Operating expenses to grow between 22% and 27% (previously 15% to 18%).

Only negatives are the length of time Coris is taking for approval and lack of penetration into the Asian market - however, both of these will be step change to all key metrics.

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...and yet the share price seems to drift downwards at the moment...

Definitely a good longer-term hold though.

Kit.

NAN Price at posting: $4.60 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $2.98		Change 0.060(2.05%)		Mkt cap ! $908.9M

Open	High	Low	Value	Volume
$2.92	$3.03	$2.92	$1.972M	662.2K

Buyers (Bids)

No.	Vol.	Price($)
19	24464	$2.98

Sellers (Offers)

Price($)	Vol.	No.
$2.99	11737	34

View Market Depth

No.	Vol.	Price($)
18	24166	2.980
12	21751	2.970
11	32699	2.960
12	72160	2.950
6	6183	2.940

Price($)	Vol.	No.
2.990	11544	34
3.000	18257	14
3.010	23912	15
3.020	32610	12
3.030	68240	12

Last trade - 15.58pm 14/05/2024 (20 minute delay)


Last $2.98			Change 0.060 ( 2.28 %)
Open	High		Low	Volume
$2.93	$3.03		$2.93	509736
Last updated 15.59pm 14/05/2024 ?

NAN (ASX) Chart