Seems like a few healthcare stocks going on a move of late and the market finally waking up to how undervalued PIQ is compared to peers.
RHY - mkt cap ~$140m, large potential market but still a few years away (1-2 years?) from test hitting the mkt, no pipeline mentioned in AGM Preso.
RENX/RNLX - mkt cap ~A$700m, smaller target market than PIQ (going after late stage DKD), no commercial sales, no CE Mark, no pipeline mentioned in company presos.
PIQ - mkt cap $58m - large target market, test is CE Mark approved, initial licence deals executed, first sales in in CY21, broad/deep pipeline of other diagnostic tests.
Plus other mkt caps in peer group table below:
If PIQ has a market cap of $140m, like RHY, share price will be $1.33
If PIQ has a market cap of the ave of some of its peers below, say $250m, share price will be $2.38
I'll leave everyone to do their own calcs for what the SP would be if they get to RENX's mkt cap....
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Last
92.5¢ |
Change
-0.015(1.60%) |
Mkt cap ! $121.1M |
Open | High | Low | Value | Volume |
93.0¢ | 93.0¢ | 91.0¢ | $31.78K | 34.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19030 | 91.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
92.5¢ | 4205 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.915 |
1 | 3000 | 0.905 |
4 | 15671 | 0.900 |
1 | 4000 | 0.895 |
1 | 7500 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 4205 | 1 |
0.930 | 8176 | 1 |
0.950 | 31789 | 3 |
0.960 | 11173 | 1 |
0.990 | 6220 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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PIQ (ASX) Chart |