can someone help me understand this stock valuation?
it's a cyclical and now is possibly a boom time for it (poor US outlook in Almonds)
it's growing it's source of revenue with acquisitions and planting.
but PE ratio right now is over 90, compared with a typical 10-20, seems lots of optimism.
yet, a lot of analysts (via nabtrade) have it as a buy.
thoughts?
SHV Valuation
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 (20min delay)
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Last
$3.50 |
Change
-0.130(3.58%) |
Mkt cap ! $423.7M | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.60 | $3.48 | $620.3K | 176.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 285 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 1141 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$3.50 |
Change
-0.130 ( 3.31 %) |
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| Open | High | Low | Volume | ||
| $3.58 | $3.58 | $3.49 | 20883 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| SHV (ASX) Chart |