There is a lot of talk on this forum bemoaning the current SP of Weebit. I would like to inject some perspective:
This is a chart of the SP from just after RAD announced the planned reverse take-over of WBT, up to the present. As someone who has held the stock for the entirety of this period, I can say that the current SP is not low in historical terms. It is 10 times the price of 18 months ago, which I for one am very pleased about, as back then I was sitting on about a 60% loss. In fact for at least half the time I have held WBT I have been sitting on a loss.
How do you objectively assess the value of a stock like WBT?
It is certainly a very good bet IMO, but I wouldn't pretend to know it's 'true' value. It is not something that is knowable.
Weebit - 2022 and beyond, page-8
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Last
$2.30 |
Change
0.000(0.00%) |
Mkt cap ! $433.8M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.33 | $2.27 | $1.066M | 463.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16723 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8235 | 3 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$2.30 |
Change
0.000 ( 0.12 %) |
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| Open | High | Low | Volume | ||
| $2.28 | $2.33 | $2.27 | 96365 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| WBT (ASX) Chart |