see these early days of xro, went up straight 43$ then pull back to 15$, went back up 26$ then 5th wave 12$...Apx is still in its early days where customers are changing priorities & business is highly dependent on 5 clients...new projects are babies which will take 2 to 3 years to get mature...Apx management is inexperience for public listed company...upgraded & downgraded in merely 6 months...it’s pipeline is fragile & if Apx fails to deliver on Feb 24 which is highly possible given ER hit is already 10%...management is cash rich considering selling millions at 30$ level, bought at ipo...I am working for a corporate, and turn around in 2 months is nearly impossible from downgrade...Apx results were never liked by market...see the bull trap I circled on XRO...long term view of APX is great but I really don’t want to go down under water by 75% of my holding in Apx unless management is going with me...so far management is reluctant to chip in...be careful, Apx still early days...ALU different business but they put on 7 downgrades in last 2 years...we all know tech sector is bearish ATM...play safe on these high beta, overvalued stocks! I may miss 2$ to 3$ upside on great news but I don’t want to go further down 5$ on bad news!
see these early days of xro, went up straight 43$ then pull back...
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Last
80.5¢ |
Change
0.025(3.21%) |
Mkt cap ! $178.4M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 81.0¢ | 74.0¢ | $9.336M | 11.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21290 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 32257 | 6 |
View Market Depth
| Last trade - 12.55pm 02/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |