Share price went up to the high 50's on the expectation of getting into key small cap ASX Indices which would have generated more interest form large instos- as this did not happen so the marginal buyer is retail which is not able to withstand the inevitable profit taking.
TV ad market is recovering strongly with easy comps in June quarter but just be aware that second half costs will be higher due to reinvestment in product so even 15-20% revenue growth gets around $250m FY21 EBITDA and around 7c eps.
That said the charts look really bad and share price needs to find support soon.
Share price went up to the high 50's on the expectation of...
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $277.0M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $551.8K | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 344568 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 618017 | 8 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |