The ASX minnow whose shares have surged 70pc this year
"Jules Cooper, a technology analyst at Shaw and Partners, said Dropsuite’s market capitalisation could climb materially within three years, thanks to a rare combination of high revenue growth and profitability.
“This is a business that is growing fast, has good retention and is profitable,” Mr Cooper said.
“It’s a great business that’s [share price has] gone sideways for two years. Had it not been a market where people weren’t investing in technology, this stock would have continued to go up year-over-year and now investors have an opportunity to buy something that they know can continue to grow.
“What truly sets Dropsuite apart, is that it is achieving this impressive growth whilst being profitable and producing positive cashflow – this is a rare combo on the ASX for software stocks.”
“While there is still three quarters to go, we see no evidence of any macro slowdown here. Dropsuite’s dual leverage to both cybersecurity spend and the growing MSP channel appear to be working strongly in its favour,” Mr Cooper said."
https://www.af r.com/technology/the-asx-minnow-whose-shares-have-surged-70pc-this-year-20230703-p5dlai
(delete space between af and r)
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Open | High | Low | Value | Volume |
$2.74 | $2.78 | $2.62 | $52.50K | 19.04K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | $2.57 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 10000 | 2.570 |
1 | 40 | 2.560 |
3 | 18200 | 2.550 |
1 | 1181 | 2.520 |
3 | 11600 | 2.510 |
Price($) | Vol. | No. |
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2.780 | 708 | 1 |
2.800 | 4572 | 3 |
2.850 | 2755 | 2 |
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