$185 M is a lot to pay for a company that has never turned a profit. The market cap has already built in a lot of future growth.The cashflow is already known from the 4C report at the end of last month. The profit shouldn't be too far away from the cash burn (depreciation making the losses larger, increasing inventories making the loss less). Shouldn't be any surprises there.
The market will most likely move on any contract announcement or forward guidance. If there is none, the stock is more likely to fall than rise because DRO is not a profitable company and needs positive momentum to maintain the share price.
The cashflow is already known from the 4C report at the end of...
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Last
$1.18 |
Change
-0.055(4.45%) |
Mkt cap ! $1.029B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.17 | $14.94M | 12.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30300 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 36921 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |