Based on a P/E ratio before the announcement and the earnings increase the share price should trade around $1.50 to $1.70.
Technical analysis also indicates a retreat i believe we are likely to see this share price level in the next few days.
Also please be aware, institutions are selling this off. Lot of ceasing to be substantial holder announcements, mums and dads still buying..
I was day trading today, sold out before all this volatility came in.. Ive seen this a lot, SGH is another example. It will keep dropping until Buy/Sell volume evens out.
FA says $1.50 to $1.70, TA Agrees
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Last
$6.77 |
Change
0.130(1.96%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.63 | $6.77 | $6.63 | $10.00M | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2420 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.77 | 37726 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |