APX is high PE stock, the market suspected disappointment and the APX outlook disappointed the market for a stock with a 40+ PE
The result and outlook seems to indicate continued pressure of a weak first half for 2021 and then a large second half skew, which the market is not convinced will be achieved. Therefore the market has decided to reprice it lower.
For comparison BVS PE is circa 17
BVS Price at posting:
$2.70 Sentiment: Hold Disclosure: Not Held
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