It's pretty believable. This stock has (currently) no fundamentals. All it has is cash and theoretical grants aka shareholders' gambling money and taxpayer subsidies. We had a low, near-zero interest rate environment with extreme liquidity due to money printing and fiscal hand-outs. Once the liquidity and hand-outs stop, companies need to start showing actual results, actual fundamentals, to maitain these high valuations. Upramping and PR and merely aligning yourself with hype industry X are not quite enough.
NVX Chart, page-3243
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Last
54.5¢ |
Change
0.005(0.93%) |
Mkt cap ! $269.0M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 55.5¢ | 53.5¢ | $323.6K | 594.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 121024 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 7883 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| NVX (ASX) Chart |