This is true. But I am not sure the point you are making.
Surely, once the dust settled, 'the market' had factored in a growing earnings, and the PE indicated that, but sellers entered with concerns. The SP at over $3 was looking high and we have seen a rerating to be currently at $2.17.
If you have a different take on why the SP has fallen to here, that's what this forum is for - to get discussion happening to try and understand why the SP is moving either way (we know it can be irrational though).
I feel there will need to be an announcement to get things moving in a positive direction again. Without one, hopefully support at least around here. As you mentioned, the tech and future look great, but that 2.16 support, technically, is a major one.
This is true. But I am not sure the point you are making....
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Last
$1.84 |
Change
-0.045(2.39%) |
Mkt cap ! $245.7M | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.91 | $1.83 | $250.5K | 134.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4384 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 1434 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| DUG (ASX) Chart |