Fundamentally, there is nothing wrong with AXE.
I think the current SP has been affected by these reasons:
1. News flow. Partnerships and other patents (e.g. European patents) are hard to see/tell at this current time (unlike recently). Hence why (see below), short positions have increased - so I think yes Tonza. Shorters were around too when SP got to 80/90 cents and retraced back to 60 cents earlier on in the year. Shorters always jump at an opportunity of a company having no important announcements in my experience.
2. Investment flows out of AXE from retail. Generally retail follows the pumps, and some other semiconductor companies on the ASX have had good news recently. Possibly retail money has been flowing out causing the dip, but I may be wrong.
I am still very optimistic with AXE. If anything the government announcement of pumping money into QC tech has increased our prospects fundamental wise.
GLAH.
Fundamentally, there is nothing wrong with AXE. I think the...
Add AXE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $124.8M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 48.5¢ | $21.07K | 42.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 14400 | 2 |
View Market Depth
| Last trade - 15.00pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
48.5¢ |
Change
-0.005 ( 3.00 %) |
||||
| Open | High | Low | Volume | ||
| 50.0¢ | 50.0¢ | 48.5¢ | 29458 | ||
| Last updated 14.04pm 02/05/2024 ? | |||||
| AXE (ASX) Chart |