A Few reasons:
Nasdaq has been belted because of future interest rate rises adversely affecting tech valuations on the basis of NPV.
All tech stocks are being rerated down because of lofty valuations and reduced future cash flows being priced in.
Tech stocks are on the nose in general and valuations are normalising.
Whilst 3DP is executing the overall market sentiment is against them and the $250M MC is seen as fair value, they have to keep producing the results or they will get belted.
There has also been no further institutional support or recommendations to create greater awareness.
However, there is no doubt that if they continue with the current and expected future growth profile that the market will at some point take notice. Just back of the envelope numbers here but it looks to me like the full year 23 EBIT could be around $A - 18M, that is only an approximate multiple of 15X which for a growth stock in any market is very cheap.
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Mkt cap ! $44.27M |
Open | High | Low | Value | Volume |
5.0¢ | 5.5¢ | 5.0¢ | $75.74K | 1.452M |
Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 298333 | 0.054 |
3 | 630499 | 0.052 |
2 | 28638 | 0.051 |
3 | 82500 | 0.050 |
1 | 3063 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 19905 | 1 |
0.058 | 354601 | 3 |
0.059 | 500000 | 1 |
0.060 | 2500 | 1 |
0.061 | 55822 | 1 |
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