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
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9900 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 125395 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| APX (ASX) Chart |