No. Price is purely the consequence of supply versus demand. As we know, both of these (especially demand) can fluctuate for a host of reasons, including (though not exclusively) factors related to crowd psychology. In brief, psychology dictates whether the crowd's focus is on long term factors (usually associated with anticipated business & economic performance) or short term factors (like fears of price falls, or excitement about possible corporate action, to give two examples).
Unless you believe a fair price fluctuates with whims of psychology, then it cannot be assumed that price is always fair.
Ann: Funds Under Management - March 2024, page-9
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Last
$1.05 |
Change
-0.003(0.24%) |
Mkt cap ! $611.2M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.06 | $1.05 | $80.52K | 76.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 20990 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 30690 | 22 |
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| Last trade - 10.18am 22/05/2024 (20 minute delay) ? |
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Last
$1.05 |
Change
-0.003 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.06 | $1.05 | 21108 | ||
| Last updated 10.26am 22/05/2024 ? | |||||
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