It has fallen 48% since September highs of $42ish as the Nasdaq and XIJ (Aus tech index) has increased 15%. It is one of few waaax and tech stocks that actually earn a profit. It is on a fy21 forward PE of 45x and a P/S of 4.5x with 20% revenue 30ish% earnings growth over the next 2 years. It is in an extremely high growth industry (AI) of 41% industry wide growth for the next 5 years. It is the market leader in a niche AI space with strong customers (apple, amazon, google, adobe etc etc) who are performing well and somewhat rely on doing business with them. Average broker price target is $31.82 (out of 5 brokers). The 15% earnings downgrade which should be a one time event should not equate to a 48% drop in SP (especially when the tech industry is booming like this).
APX Charts, page-693
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Last
$2.75 |
Change
0.060(2.23%) |
Mkt cap ! $717.0M | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.84 | $2.69 | $25.98M | 9.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33184 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 3556 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |