Maybe? I cannot say you are wrong. JMO it is caped by 30 months of declining profits and the current 12 month PE of 140 when all of peers on the ASX have and average just over 30 Long term trend less than 20. and NASDAQ is about 40 but long term trend is less than 20. Many people are starting to say we are headed for a major correction. Possibly a Recession, if this happens Then stocks with high PEs always fall faster and more than stocks with lower PEs. Go back to 1900 and find one example that shows otherwise. I have not seen it in over 60 years of investing.
You may think it is manipulation if so why worry about it at all? You cannot know reasons behind the manipulators actions. I prefer to think it is because of 30 months of declining profits, $384M to $5.9M Down 98%. Look at chart of revenue and profits for last 30 months then decide.
Make sure you look at PE it is not the first chart on either of these sites.
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