The company is probably holding out to see how April sales go before updating the market. They were pinning revenue guidance of $1.4b on a "significant improvement" in Q4 sales. So it would make sense to see how the first month of Q4 goes. I think once April sales are finalised in May, they will make a call that guidance won't be met and downgrade accordingly. So I would be placing a bet on a downgrade in May. As per previous downgrades, holders will say a downgrade has been factored into the share price, but as history shows, no downgrade to date has been factored in before the fact. The wording of the downgrade and outlook will dictate how far it gaps down, imo.
Chart Update, page-18443
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |