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
There are reasons market has de-rated the stock .. it's gone...
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 45.5¢ | $251.3K | 545.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 285712 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 70937 | 23 |
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| Last trade - 13.59pm 24/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |