There are reasons market has de-rated the stock .. it's gone from a 25% growth company to a 5% growth company.
Paying multiples and small dividends on little growth is not good news. It's not that I think the market is wrong, I think the market is misreading future AI expenditure.
5% growth in what the market sees will finally settle around ~25 p/e which is ~$13 on 21e. If market got its growth prospects wrong in 1H August 21 report and etches back to 20-25% growth then it may restart its upgrade cycle again. APX going through a bottoming stage right now and that process could take six months minimum. IMO DYOR
APX Charts, page-1179
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Last
$1.99 |
Change
-0.170(7.87%) |
Mkt cap ! $446.3M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.23 | $1.96 | $24.28M | 11.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 620 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 5250 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |