I am pretty glad I didn't listen to Sam Koch of WAM when he was positive on Swoop back in Sept 2021 when the stock was over $2.05 per share. And WAM recommending it further as recently as about 2 months ago.
Not saying he is wrong about the future prospects about the company but saying the share price got way ahead of itself back then (along with many other growth / tech stocks at that time) and which has now come down to earth... to more interesting levels.
I'd say the economic / market sentiment is that this may have further to fall. So I may wait and see if I want to enter. Their balance looks okay compared to other company with large cash balance but I haven't done enough research yet.
SWP Price at posting:
59.0¢ Sentiment: None Disclosure: Not Held
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