Looking at the way it closed today, I'd aim for low 40s tbh
With average daily 56c mostly panic sell at the end in combination with triggered stop losses adding fuel into the fire.. ealy 40s would be absolute bargain unless it is going broke which i believe is unlikely.
I see this business performing consistently well enough for a few years already. Looking on the today numbers more closer, somehow they've managed to get away with just less than 20% turnaround reduction. Mainly, significant intangibles writedown this year took them into negative territory, but i see this trend across many companies currently so not worry about it much.
I see the current price is quite attractive, i expected it stuck in late 50s today. I would not deny it going further down to late 40s maybe but same probability of it recovering back into late 50s tomorrow.. I guess we might soon hear good news on eventual agreement with scentre..
MOZ Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
