Clearly there are still some large funds looking to exit, so will likely be some share price pressure in the short term. Not sure where it bottoms. I've bought myself a small position of $15k, im not really willingly to bet the farm, but if the price continues to go lower I may look to average down a bit more.
I too am very surprised by the quantum of the drop.
In simplistic terms, if they have $180mil in inventory and can generate a net profit of 10% that's $18mil. Which historically has been quite achievable for them especially given we have the holiday period.
$18mil on a $161mil market cap gives you a P/E of 8.9. Pretty fair in my opinion and gives absolutely no credit to CCX to continue to grow in the long term.
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $44.29M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.5¢ | $23.73K | 205.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 84306 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 317301 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 84306 | 0.115 |
13 | 379409 | 0.110 |
14 | 382968 | 0.105 |
20 | 472100 | 0.100 |
1 | 11000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 317301 | 6 |
0.125 | 736902 | 10 |
0.130 | 208848 | 8 |
0.135 | 121907 | 4 |
0.140 | 85649 | 6 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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