Typically growth companies hold the cash as a buffer so I suspect they’ll do nothing with the cash on hand outside of term deposits.
Spending that cash down too much in this environment would dramatically increase the risk of this investment.
ASX: ART (Airtasker): Significantly undervalued with $0 debt, $16 mil in cash, Cashflow positive and growing, page-3
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $149.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 31.5¢ | $96.37K | 293.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6088 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 24238 | 2 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| ART (ASX) Chart |