"How could the price keep falling?"
Hard to know for sure but there's a few challenges possibly facing RHC and others:
1. The market may think an earnings downgrade might be possible for FY24. Higher costs (like others have reported - see Sonic Health) which impact not only the current results but may flow into next year's accounts. A negative announcement could challenge the current 12m SP low.
2. Higher interest rates for longer possibly. RHC has debt (so they obviously have to pay more interest but investors can also earn higher cash rates for longer - instead of buying shares)
3. Maybe a "Risk off" mentality for healthcare (Other healthcare stocks, not all, are close to 12m lows)
4. It could also be that Tax loss selling season is with us for a few weeks.
It could be a combo of reasons - and likely other reasons as well. Hope that helps?
"How could the price keep falling?"Hard to know for sure but...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$47.49 |
Change
0.490(1.04%) |
Mkt cap ! $10.91B | |||
| Open | High | Low | Value | Volume |
| $47.00 | $47.68 | $47.00 | $17.53M | 369.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 244 | $47.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.50 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RHC (ASX) Chart |