The SP was already $2.80-something before the SkyWater announcement and as we’ve seen anything below this level has been gobbled up pretty quick since. I’m confident this mid-high $2 range is the new base so it won’t be very appealing as a short target unless things get a bit wild i.e. $6 plus without news.
Same thing happened with another well known ASX tech stock this year. After signing their first IP agreement in December the SP jogged on from the low 30 cent range and has never returned despite pressure from multiple angles.
Short data on WBT, page-481
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |