hey Festa
my view they should
if you look at the technology index and the healrhcare index Polynovo has been tracking wuite closely and in correlation to the tech index and it has dropped considerably and has a much lower correlation with the healthcare index.
higher inflation is affecting the high tech growth stocks. and i think perhaps PNV is consodered a high growth tech like stock historically; its new tech; growing >50% a year and in the past hasnt been profitable, like a lot of fast growing tech companies
thats just what i have observed conparing pnv sp to these two different indexes.
i agree longer term the value of the company will shine through. but lets not kid ourselves the macro conditions and market correction we have had and still going through is signficant
hey Festamy view they shouldif you look at the technology index...
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$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
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| PNV (ASX) Chart |