I've been super frustrated by this lately - and I can 100% agree with your statement 'Fundamentals do not matter anymore'.
There's a few stocks I've invested in lately that have all their ducks lined up in a row, cash flow positive, year on year profit, strong management etc etc, but no take up from investors.
Its hype that is the new fundamental analysis. If a stock has enough hype behind it it will move.
Explains why they are running at a PE in the mid to high hundreds.
I've been super frustrated by this lately - and I can 100% agree...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $226.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $297.4K | 1.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 1933304 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 201104 | 4 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |