One can call the current price action as consolidation, digesting
the gains...whatever. One thing for sure it is not bearish
and i would bet on the upside breakout in the direction of the trend.
However FINALLY it will depend upon the trigger
how the market reacts to it when it comes.
Normally markets tend to break in the direction of the trend.
If we consider fundamentally and historically then current stock price is cheap if 65 Cent
considered as average price and after that i think it hit 1.23 dollars before 1 for 20 consolidation.
If we consider 400 million as rev and apply 1.8 multiple then also market cap comes to 720 million
which is 20% higher than current market cap.
There are many other ways to cut the cake and so many other factors to consider.
Market wants to take one step at a time and does not want to go over board it seems.
Not yet anyway.
One can call the current price action as consolidation,...
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Last
$7.37 |
Change
0.360(5.14%) |
Mkt cap ! $626.9M | |||
| Open | High | Low | Value | Volume |
| $7.01 | $7.46 | $6.99 | $2.670M | 366.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.39 | 959 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.34 |
Change
0.360 ( 4.83 %) |
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| Open | High | Low | Volume | ||
| $7.00 | $7.47 | $7.00 | 48349 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MYX (ASX) Chart |