I'm a novice here. I know that the market is supposed to price in good news, future earnings etc, I'm just trying to understand the following:
- SP got to $8.00 before the pandemic (at that point 1HFY21 sales were at $323m, GP $50m and EBITDA at $18m);
- SP got to close to $25 during the pandemic;
- SP got to $5.77 this morning (1HFY22 sales at $698m, GP $112m and EBITDA at $22m).
I understand Mighty Ape is making 1HFY22 EBITDA look better, the business inventory issues (slowly resolving) and slowing growth, but are we fundamentally saying that the business is in a worse position now with a bleaker outlook than what it was in Jan 2020?
I'm a novice here. I know that the market is supposed to price...
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$4.69 |
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Mkt cap ! $473.4M | |||
| Open | High | Low | Value | Volume |
| $4.79 | $4.83 | $4.65 | $1.469M | 309.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2900 | $4.67 |
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| Price($) | Vol. | No. |
|---|---|---|
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