A chartist wont help you. This is a fundamentals issue, not technical.
22 months ago when the SP was 3.40 it was operating on a high P/E ratio and expected growth did not materialise. There have been management changes and a failed take over offer and implied disorganisation like that can impact the SP . Last financial year numbers were mostly up at modest amounts so nothing negative there. The company has been around a long time and I think the SP will claw its way back slowly. The market will regain confidence in time if the financial reports keep showing steady net increases. OFX is an experienced company and in a good space.
Current price looks to be support so on that basis I'm slightly bullish on this one and am going to take a large position in my super, but DYOR.
A chartist wont help you. This is a fundamentals issue, not...
Add OFX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.61 |
Change
-0.050(3.01%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.60 | $226.5K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7537 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 1333 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.61 |
Change
-0.050 ( 3.37 %) |
||||
| Open | High | Low | Volume | ||
| $1.65 | $1.65 | $1.60 | 21559 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| OFX (ASX) Chart |