Expectations were too high, so the SP ended up in overvalued territory. Under those circumstances, the company can release good reports and still "disappoint" the market. It often happens to fast growing companies in the early years - and usually appears obvious in hindsight.
The good news is next time market cap reaches $15 billion, it'll be more fairly valued (ie. A2M will have the underlying finances to back it up).
The Upcoming HY Report, page-3
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 (20min delay)
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Last
$7.10 |
Change
0.230(3.35%) |
Mkt cap ! $5.132B | |||
| Open | High | Low | Value | Volume |
| $6.89 | $7.25 | $6.86 | $26.91M | 3.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9727 | $7.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.12 | 18306 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$7.18 |
Change
0.230 ( 4.96 %) |
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| Open | High | Low | Volume | ||
| $6.87 | $7.25 | $6.86 | 927166 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| A2M (ASX) Chart |