Not everyone is convinced the prise rise is sustainable.
"Its valuation is wild," Rodney Forrest, director of Sublime Funds Management, told Capital Brief.
"Cumulative losses sit at around $40 million. There's been a three times increase in the share count, no change in the profit pool and the insiders sold stock at 70 cents.
Putting his money where his mouth is, Forrest – who previously worked as an analyst for the family office of Platinum Asset Management co-founder Kerr Neilson – has now entered a small short position against DroneShield, betting its momentum is unsustainable.
capitalbrief.com/article/short-sellers-circle-droneshield-as-it-nears-wild-2b-market-cap-ade56101-a3ab-41c6-adaa-4be3720d5a96/preview/
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Last
$1.34 |
Change
-0.065(4.64%) |
Mkt cap ! $1.151B |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.30 | $13.38M | 10.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 33880 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 30764 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34885 | 1.335 |
22 | 108043 | 1.330 |
21 | 110442 | 1.325 |
22 | 292337 | 1.320 |
15 | 131744 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 30110 | 13 |
1.345 | 55107 | 10 |
1.350 | 63447 | 8 |
1.355 | 48779 | 4 |
1.360 | 37657 | 4 |
Last trade - 13.36pm 04/09/2024 (20 minute delay) ? |
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DRO (ASX) Chart |