5GN is an extremely oversold weekly chart, it's back to the 61.8% Fibonacci retracement of the 2019 move.
It is currently the cheapest stock in the sector on a EV/Sales basis, trading on just over 1x.
Compare this to UWL with a market cap of 262million and revenue of just 15mil.
The world indexes are starting to heat up with a China/US trade deal coming shortly (china just agreed to US demands for agriculture buying)https://www.politico.com/story/2019/09/06/china-farm-purchases-trade-talks-1712691
Lastly, 5G networking in Australia is a structural growth thematic, NBN is already obsolete. Growth in this sector is only beginning.
Interested in others thoughts
Trading on 1x Revenue, Cheapest Growth stock on ASX? Huge Bounce coming soon.
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.96M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $86.66K | 577.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4670865 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1548308 | 24 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |