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
$3.31 |
Change
-0.030(0.90%) |
Mkt cap ! $400.7M | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.34 | $3.30 | $1.490M | 450.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1772 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.31 | 23096 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$3.31 |
Change
-0.030 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| $3.34 | $3.34 | $3.30 | 63315 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| SHV (ASX) Chart |