Hi there Maxkieh,
What timeframe was this target price?
Although I love ARX and its management, the company is not well supported/ known by the ASX investors. Perhaps because it is a NZ company it doesn't attract the same fan base that PNV does.
At $11.00 per share, this would equate to a valuation of over $3.00b for ARX. This is unlikely in the next couple of years. I would love to be proved wrong though. Even PNV currently only has a market cap of $1.86b on similar sales revenue.
PNV forward sales revenue growth and gross margins are superior to ARX.
Bell Potter offer a more realistic price target of around $2.10 for ARX.
News: ARX Aroa Biosurgery Posts FY22 Product Sales Guidance Of $30M-33M, page-7
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Mkt cap ! $208.2M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 58.0¢ | $105.9K | 173.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35180 | 59.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 25870 | 1 |
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