Brendon Lau: Audinate Group Ltd (ASX: AD8)
Audinate Group’s technology is well placed to become the de facto standard in the music and audio industry. The recent pullback in the Audinate share price from its high of $8.54 represents a good buying opportunity as the stock is trading on a relatively modest market cap of under $500 million. If Audinate’s technology does become an industry benchmark, its share price should be worth a lot more.
Motley Fool contributor Brendon Lau owns shares of Audinate Group Ltd.
Audinate Group Ltd (ASX: AD8)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $10.30 price target on this digital Audio-Visual networking technology provider following its investor day event. The broker left the event feeling even more confident in the company’s prospects thanks to its competitive advantage and long-term growth opportunity. Morgan Stanley also appears confident in Audinate’s opportunity in the video market. I agree with the broker and believe it is one of the best small cap shares on the ASX.
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Last
$15.81 |
Change
0.500(3.27%) |
Mkt cap ! $1.313B |
Open | High | Low | Value | Volume |
$15.60 | $16.03 | $15.37 | $2.627M | 166.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1384 | $15.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.87 | 158 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 108 | 15.700 |
1 | 60 | 15.660 |
1 | 63 | 15.650 |
3 | 958 | 15.500 |
1 | 129 | 15.490 |
Price($) | Vol. | No. |
---|---|---|
16.050 | 2900 | 1 |
16.060 | 2389 | 3 |
16.100 | 399 | 1 |
16.110 | 1098 | 2 |
16.150 | 300 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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AD8 (ASX) Chart |