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).
It has fallen 48% since September highs of $42ish as the Nasdaq...
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Last
$1.29 |
Change
-0.055(4.10%) |
Mkt cap ! $286.6M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.28 | $13.58M | 10.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 5401 | 2 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |