The share price seems a little all over the place at the moment. In the past 9 sessions it has traded between $1.77 and $2.03 on no News.
I know the company has been heavily shorted as has been discussed. It must presumed that the shorters are still hard at work trying to drive the price down.
It is widely expected that in late February (on the 27th if history is a guide) the company will announce it is EBITDA positive (upgraded from breakeven). You would think the share price would be moving higher between now and the end of February.
Does anyone have a theory?
Share Price Movement
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Last
$16.70 |
Change
0.300(1.83%) |
Mkt cap ! $10.69B | |||
| Open | High | Low | Value | Volume |
| $16.63 | $16.73 | $16.52 | $24.33M | 1.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5308 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.71 | 6025 | 2 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| NXT (ASX) Chart |