Good question . Markets are very weird right now , price and risk are disconnected . Any asset not going up in price right now gets sold to buy something else that is going up , right now.
People get nervous , look for other opportunities.
Also consider everyone has a different time frame for an investment to pay off and different risk tolerances.
Assuming the company starts signing customers and booking revenue the SP will follow.
The SP did get ahead of itself as market sentiment thought the company would be printing billions in profits in a year or 2. I believe this will be a very successful company.
Good question . Markets are very weird right now , price and...
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Last
$2.45 |
Change
-0.050(2.00%) |
Mkt cap ! $466.6M | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.43 | $966.8K | 387.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5842 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2057 | 5 |
View Market Depth
| Last trade - 14.59pm 10/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |