" A lot of online retailers were given artificial boosts by covid and one by one they are giving all those gains back"? And to prove your point you are giving ASOS example? Haha do you even know anything about this business? This business has been struggling for some time now. Share price was never up and have been going down and down.
For sake of argument lets assume there is a thing called "artificial Covid boost on online retailers "then how do you explain Shein revenue growth of 100% for past 7 years? You are dismissing the change in consumer behaviour and preferences towards online shopping. Its only growing from here.
I understand you see and analyse things as if GFC is imminent. Everyone knows , one day there will be a blood bath in share market, but nobody can tell when that day will be unless you got crystal ball, have u?
Perhaps, Your valuations and analysis are more suited to value stocks but definitely not growth stocks.
" A lot of online retailers were given artificial boosts by...
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Last
$1.16 |
Change
0.005(0.43%) |
Mkt cap ! $1.264B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.13 | $12.72M | 10.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5215 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 31770 | 4 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
0.005 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.19 | $1.14 | 1743719 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| ZIP (ASX) Chart |