CSX

3.16%

49.0¢ cleanspace holdings limited

CleanSpace Halo Mask - Bluetooth Enabled, page-44

First 44 Last

Share
Profile

Follow
Lefevre

9,896 Posts.

989

13/05/21

10:23

Post #: 53143262
Share

Originally posted by King2ndthe1st: ↑

After a disappointing last quarter the market is currently in a phase of price discovery. It's quite normal to see a large drop, high volatility and low liquidity as the market attempts to figure out what is going on and price it in, and while say traders try to take advantage if possible.

If you see value in a stock at it's price at the time, it's often a good idea to hold even through major volatility, but assuming the market will always price the stock correctly during uncertain times is incorrect. In fact it's quite normal for the market to act irrationally even during regular times.

With most of the shares currently on escrow, there is further reduced liquidity which can cause the share price to go a lot higher or lower than it should.

If CSX is profitable over the next few quarters, traders anxiety over the stock will likely be relieved somewhat but there is still a lot of uncertainty in the market in general and it's still a small risky business.

Actually the thing that most fascinates me about this stock, is not the company itself, but the fact that it has basically never traded near IPO price. It traded way higher than IPO price at the beginning and is now trading way lower, all during a very uncertain market environment in regard to Covid and vaccines etc.

It is true that IPO price doesn't really mean anything in the long run, and the original private investors from before the IPO are still in profit at the current price, and I know this has been happening a lot in the stock market lately with other Covid-related stocks as well but I still find it very fascinating.

All while fundamentals have basically not changed since the IPO, and it still remains completely unclear whether Cleanspace will be a profitable company or not in the long run.

Expand

I agree with most of your analysis except that fundamentals have changed.

There was a huge downgrade in sales.
Hopefully that is shortlived.

The product is brilliant and they have the right team to make this company a success but they have had a temporary stall in the market which is out of their control due to vaccination ramp ups around the world.

CSX Price at posting: $1.62 Sentiment: Hold Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

AKN

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

NMR

NMR picks up advanced gold projects in far north Queensland

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

EQN

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

There are more pages in this discussion • 2 more messages in this thread...

First 44 Last

Add CSX (ASX) to my watchlist

(20min delay)
Last 49.0¢		Change 0.015(3.16%)		Mkt cap ! $38.06M

Open	High	Low	Value	Volume
47.5¢	49.0¢	47.0¢	$2.17K	4.59K

Buyers (Bids)

No.	Vol.	Price($)
1	2999	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	85	1

View Market Depth

No.	Vol.	Price($)
1	2999	0.490
1	15751	0.470
1	12000	0.465
1	18000	0.440
1	1500	0.435

Price($)	Vol.	No.
0.520	85	1
0.530	9463	1
0.540	5000	1
0.555	1200	1
0.570	10000	1

Last trade - 16.10pm 08/11/2024 (20 minute delay)

CSX (ASX) Chart

CleanSpace Halo Mask - Bluetooth Enabled, page-44

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

NMR picks up advanced gold projects in far north Queensland

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CleanSpace Halo Mask - Bluetooth Enabled, page-44

Top Stories

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

NMR picks up advanced gold projects in far north Queensland

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News