My take on the results:
1. I believe a foundation/base is being formed for more enduring and sustained growth profile for ART.
2. The stock has had a stellar run over the past few weeks and was extremely vulnerable to a " pullback ". The only thing that would have prevented this is explosive growth and profitability. Investors got ahead of themselves.
3. Seen it all before and to be perfectly honest, although it can be quite painful for investors, this type of trend is actually the most desirable, if you can handle the volatility as it will become more entrenched and , ultimately, lead to higher valuation.
4. UK summer will be a game changer as more customers engage the platform. Next quarterly should validate this assumption.
5. ART is on track to be cashflow positive in 2024 .......no change to forecast.
My take on the results:1. I believe a foundation/base is being...
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $119.8M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $61.04K | 235.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 310000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 2046 | 2 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
0.005 ( 3.92 %) |
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| Open | High | Low | Volume | ||
| 26.0¢ | 26.5¢ | 25.5¢ | 87447 | ||
| Last updated 15.58pm 30/04/2024 ? | |||||
| ART (ASX) Chart |