The thing about analysts estimates is they are based on many assumptions , which are projected into the future so any error is multiplied the longer you project out. Remember these are the same guys that had 1.50 -2.50 valuations 2- 2 .5 years ago.
To give you an example of bad assumptions , I remember Macquarie and a couple of others had TP on MGX of 19c even when cash backing was 29c as they were predicting IO in the 30s LT . Well they were horribly wrong at the stock went up 500% ( while paying another 80% in dividends ) over the next 3 years
I think MYX medium term will trade higher but whether it gets to 1-2 dollars depends on where the generic business sits. It’s been priced at very little at the present and I thinK it’s worth more . I think MYX medium to long term is a good investment as I think their branded business underwrites current price and the generics is worth more. I also think they will continue to benefit from the pain of others as they look to divest or do jvs due to stretched balance sheets
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The thing about analysts estimates is they are based on many...
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Last
$4.26 |
Change
-0.020(0.47%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
$4.28 | $4.37 | $4.20 | $1.216M | 284.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12486 | $4.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.27 | 1060 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12486 | 4.260 |
1 | 884 | 4.220 |
2 | 1060 | 4.210 |
3 | 1216 | 4.200 |
1 | 176 | 4.190 |
Price($) | Vol. | No. |
---|---|---|
4.270 | 1060 | 2 |
4.280 | 1060 | 2 |
4.290 | 1060 | 2 |
4.300 | 4958 | 4 |
4.310 | 426 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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MYX (ASX) Chart |