VIT 4.44% 8.6¢ vitura health limited

In my experience, people love to cite some phantom market...

  1. 589 Posts.
    lightbulb Created with Sketch. 112
    In my experience, people love to cite some phantom market manipulation when their investment is declining in price. This company has shown excellent growth, albeit only for the last year or so. The company also changed their name and had a public board spat, both can be negative for share price in the short term.

    Additionally, the market is inversely correlated with interest rates. At some point, the central banks will stop raising rates, and it's even possible they will be cut. This is not the only ASX stock which is criminally undervalued at the moment, however instead of calling the CEOs resignation, it would be more constructive to layout short, medium and long term price forecasts based on revenue projections and growing profitability. If you zoom out and think that this share price will still be sitting at this level in 1, 2 or 5 years time, then just sell. This is not a momentum stock, it's a fast growing company with good fundamentals in a growing industry.

    *edit: thought I was responding to another previous user who is calling incessantly for the CEOs head because he's not happy with his market update frequency.
    Last edited by Samyouel: 28/03/23
 
watchlist Created with Sketch. Add VIT (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
-0.004(4.44%)
Mkt cap ! $49.52M
Open High Low Value Volume
9.0¢ 9.3¢ 8.5¢ $25.36K 284.1K

Buyers (Bids)

No. Vol. Price($)
1 37687 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 19238 1
View Market Depth
Last trade - 15.51pm 25/06/2024 (20 minute delay) ?
VIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.