PNV 3.57% $2.61 polynovo limited

The market is uncertain about its future due to lack of...

  1. 189 Posts.
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    The market is uncertain about its future due to lack of profitability and increase in losses instead of increase in profits. Until there is an improvement in that area, the share is likely to remain volatile and spike up and down depending on news without long term growth. For now it is going through correction - still the response to financial reports. In some time this negativity will fade away and the market will react to some other news i.e. further revenue growth and the share is likely to bounce back. But reporting periods will be challenging for as long as there is no profit reported.

    Having said that, I want to point out one thing. Those that lost money complain about the company and the share. But smart thing is to build a portfolio consisting of multiple shares - those more mature and less risky and those like PNV - growing new companies, market challengers, market disruptors. Obviously the more risky the share, the less money you should put comparing to the rest of portfolio to trim potential losses. So those that complain about this stock and about its decline and volatility - you should do a good research on where the company is in terms of its position in the market and lifecycle as a business and then make a decision on how much risk it is and what part of your portfolio it should constitute.

    I have invested such a small amount of money in this stock that even if its price goes to $0.01, I will make nice profit from my overall portfolio with over 100% YOY increase in the past 12 months.
 
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Last
$2.61
Change
0.090(3.57%)
Mkt cap ! $1.798B
Open High Low Value Volume
$2.59 $2.66 $2.58 $2.218M 847.4K

Buyers (Bids)

No. Vol. Price($)
30 18727 $2.61
 

Sellers (Offers)

Price($) Vol. No.
$2.62 13084 27
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Last trade - 15.56pm 16/08/2024 (20 minute delay) ?
PNV (ASX) Chart
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