Its definitely stock specific as well as macro stuff.
As I've said before; envisage another 18 months to two years of this.
Even upfront payments which were expected to be paid as a lump sum ($500k ish) are now broken up, subject to milestones being met.
4cs for the next two and a half years are set to be very underwhelming. Few hundred k here and there.
Any customer signings won't bear fruit for almost 3 yesrs from the date signed.
Just a trading stock for now IMO.
Strong buy in 18 months or so.
I have an expectation to see itaround $1.70
Not an issue for those holding now if they can afford to wait but hefty opportunity cost.
Then again maybe it gets a takeover offer if it gets that low.
Potential trade here though i agree.
Its definitely stock specific as well as macro stuff. As I've...
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Last
$2.96 |
Change
-0.100(3.27%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $2.96 | $1.630M | 544.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13888 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2552 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.100 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.96 | 98253 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBT (ASX) Chart |