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.
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Open | High | Low | Value | Volume |
49.0¢ | 49.0¢ | 47.0¢ | $200.4K | 417.2K |
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No. | Vol. | Price($) |
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2 | 18117 | 48.0¢ |
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Price($) | Vol. | No. |
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50.0¢ | 45295 | 3 |
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No. | Vol. | Price($) |
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3 | 3355 | 0.470 |
1 | 5 | 0.465 |
3 | 20220 | 0.460 |
1 | 1099 | 0.455 |
Price($) | Vol. | No. |
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0.500 | 45295 | 3 |
0.515 | 112370 | 1 |
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0.525 | 60000 | 2 |
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