I was surprised I got my order filled under 30 cents last week.
I think I know why there is selling.
Looking through the updates there is very little visibility on the future pipeline of contracts or even revenue guidance. They just give some broad overview of being part of the megatrend for smart cities.
If they can give some idea of the dollar value for their backlog of work in the future and conversion rate, then we would see a bigger market cap.
Otherwise the share price will continue to float here until there are a few more quarters of profits.
Having said that, there are some companies that don't give guidance so there is nothing wrong. But it is definitely not helpful here.
I was surprised I got my order filled under 30 cents last week.I...
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $32.13M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $3.97K | 20.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34063 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 10862 | 1 |
View Market Depth
| Last trade - 12.23pm 30/08/2024 (20 minute delay) ? |
| ODA (ASX) Chart |