DCC 21.7% 5.6¢ digitalx limited

DCC Fair Value

  1. 267 Posts.
    lightbulb Created with Sketch. 29
    Gents (and ladies, if any on this forum , ),

    The SP for DigitalX recently peaked at ~ 43 cents, whilst we've witnessed a large decline over the past five days: the SP has gone from 38 cents on 17th January to 26.5 cents as of yesterday's close. That translates into a ~ 30% decline.

    Bitcoin has stabilized over the same period, and somewhat recovered from a low of just below 10K USD, to just above ~11K USD - so I fail to see a strong link to Crypto's per se.

    Therefore, I am a bit worried about what the market is telling us. It is just before the quarterly, and as per Leigh's interview with Nugget, and as per the very bullish AGM, the SP slide doesn't fit in with these bullish outlooks.

    I would have expected the SP to hover around 40 cents, with some significant upside should the Quarterly contain any positive news re AirPocket, or any other positive surprises. Instead, we're back in the 20s, and the momentum doesn't look great.

    Could anyone please provide any thoughts or further insights regarding the recent SP behavior?

    My only thoughts are that the recent announcement by BTCS about Blockchain Global struggling with audited financials, could have some pull-down effect on DCC here. Otherwise I am at a loss.

    Any feedback would greatly be appreciated - as always,

    J.
 
watchlist Created with Sketch. Add DCC (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
0.010(21.7%)
Mkt cap ! $48.51M
Open High Low Value Volume
5.0¢ 5.7¢ 4.8¢ $257.3K 4.825M

Buyers (Bids)

No. Vol. Price($)
1 25000 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 65116 3
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
5.6¢
  Change
0.010 ( 19.2 %)
Open High Low Volume
4.8¢ 5.7¢ 4.8¢ 1151169
Last updated 15.59pm 03/05/2024 ?
DCC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.