This has been a tough year for many SaaS companies. High inflation has dampened IT spending. However, Prophecy has great products and I estimate ARR growth for the current financial year will be approx 24%.
Many IT shares have had Large cap IT shares (such as Microsoft and Google) have had large recoveries in the last six months. I predict the small cap IT shares will now start to recover. I believe a significant short term recovery in the price of Prophecy is more likely than a takeover.
This has been a tough year for many SaaS companies. High...
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Last
85.0¢ |
Change
-0.020(2.30%) |
Mkt cap ! $62.58M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 85.5¢ | 82.0¢ | $56.62K | 68.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3559 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 15879 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
82.0¢ |
Change
-0.020 ( 6.82 %) |
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| Open | High | Low | Volume | ||
| 84.5¢ | 84.5¢ | 82.0¢ | 4003 | ||
| Last updated 13.24pm 10/05/2024 ? | |||||
| PRO (ASX) Chart |