Because the stock is hugely overvalued....it rises or falls purely on sentiment as there are no fundamentals to support it.
Take a look at Zoom that needs to fall by huge amounts to reach fair value on the same basis
Chart - Z1P, page-1557
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 (20min delay)
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Last
$1.70 |
Change
0.020(1.19%) |
Mkt cap ! $2.151B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.73 | $1.64 | $28.18M | 16.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 99289 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 116269 | 2 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |