"I am surprised by the re rate without any change in sound fundementals." – I agree, and it's why I have sat out much of the current action. The share price has launched upward on a steep trajectory, but I can't see anything sufficient to sustain it. Sure there are some short term triggers:
- The company's maiden profit. But I'm yet to be convinced that it isn't a fortuitous conjunction of order deliveries and cash receipts. If the next half-yearly delivers a disappointment then watch out.
- Some vaguely related news driven by AI. Those making a direct connection between NVidia (for example) and Droneshield are making a mistake in my opinion. NVidia is a supplier to companies training large generative models. Droneshield is training some form of AI model. This makes Droneshield a client of companies like NVidia, not a beneficiary. In addition, while I have no inside knowledge of what models Droneshield are training, they are almost certainly not generative models.
I'll be trading short term opportunities as usual until the company settles down a bit.
"I am surprised by the re rate without any change in sound...
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $926.8M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.29 | $1.20 | $8.350M | 6.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 83646 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 20894 | 8 |
View Market Depth
| Last trade - 14.21pm 04/06/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 5.18 %) |
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| Open | High | Low | Volume | ||
| $1.21 | $1.29 | $1.20 | 2742823 | ||
| Last updated 14.43pm 04/06/2024 ? | |||||
| DRO (ASX) Chart |