Hi 36,
Most analysts have a AUD $12 price target (say at 30/6/19) for A2M and in calculating that target they have assumed year on year growth of 30% which is aggressive.
Thus the current share price has 30% year on year growth built into it and is probably the reason why the share price is stalling at 11.70, because its near the 12 dollar target.
I don't short shares but shorters' may see this as an opportunity to short because there is not much upside at this point in time.
We need A2M to have a new growth initiative, to move the target price up. e.g. winning BIGGER than assumed market share in US.
I am stuck with some shares at 12.01 and I will just have to wait it out on that batch. Bought them on FOMO. I never learn.
Think in the medium term 30% growth can be exceeded.
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Hi 36,Most analysts have a AUD $12 price target (say at 30/6/19)...
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Last
$6.70 |
Change
0.110(1.67%) |
Mkt cap ! $4.843B |
Open | High | Low | Value | Volume |
$6.64 | $6.77 | $6.64 | $12.36M | 1.844M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10812 | $6.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.70 | 12740 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 22349 | 6.670 |
2 | 17277 | 6.660 |
3 | 11128 | 6.650 |
1 | 3468 | 6.640 |
1 | 5000 | 6.620 |
Price($) | Vol. | No. |
---|---|---|
6.700 | 12740 | 3 |
6.710 | 20797 | 3 |
6.720 | 9552 | 4 |
6.730 | 4993 | 1 |
6.740 | 24993 | 3 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |