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1.38%

$2.85 nanosonics limited

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

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Kit67

7,459 Posts.

799

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

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(20min delay)
Last $2.85		Change -0.040(1.38%)		Mkt cap ! $863.4M

Open	High	Low	Value	Volume
$2.84	$2.90	$2.83	$2.655M	929.1K

Buyers (Bids)

No.	Vol.	Price($)
7	25683	$2.85

Sellers (Offers)

Price($)	Vol.	No.
$2.86	4680	2

View Market Depth

No.	Vol.	Price($)
5	15649	2.850
4	18999	2.830
6	62022	2.820
4	6471	2.810
2	21171	2.800

Price($)	Vol.	No.
2.860	1171	1
2.870	3963	2
2.880	5097	3
2.890	5999	3
2.900	26706	18

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last $2.85			Change -0.040 ( 1.03 %)
Open	High		Low	Volume
$2.84	$2.89		$2.83	288234
Last updated 16.08pm 29/05/2024 ?

NAN (ASX) Chart