SP is not very well supported at the moment unfortunately - Hello Fresh has also suffered since early Feb.
Recently hopped out at $3.15 to realise some good profits, but the price is looking more and more attractive as the days go by. Might jump back on at a price point somewhere in the low $2's (not saying that it will go that low, but anything is possible at the moment). Wilsons Research updated their 12 month price target to $3.48 on the 3rd of March - overweight recommendation. DYOR though.
To directly answer your question though, all companies with high multiples have been suffering with a shift from equities to bonds, which have a decent yield at the moment.
Hope this helps,
xxx12
SP is not very well supported at the moment unfortunately -...
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.12M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.7¢ | 3.4¢ | $1.123K | 31.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145014 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 275590 | 3 |
View Market Depth
| Last trade - 15.45pm 10/05/2024 (20 minute delay) ? |
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Last
3.4¢ |
Change
0.000 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.4¢ | 35418 | ||
| Last updated 15.48pm 10/05/2024 ? | |||||
| MMM (ASX) Chart |