Why the Brainchip share price slumped 12.76% (Investor presentation)
Brainchip Holdings Limited (ASX BRN) released an investor presentation today and announced a successful institutional capital raising. The BRN share price fell 12.64% to $0.076 off the back of the news.The edge computing market is expected to value at USD 3.24 billion by the year 2025
Our takeaway
The BRN share price has fallen sharply to $0.076 from the 52-week high of $0.20.
Currently, its valuation compares favourably with the sector.
Though the BRN share price has reflected the recent capital dilution, the interest from sophisticated investors in the institutional portion of the issue shows promise of the company and its product. The company is also a technological leader in its field of AI.
The outlook for the company may, therefore, be considered as positive.
JUNE 27, 2019 BY HENRY FUNGWhy the Brainchip share price slumped...
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| Open | High | Low | Value | Volume |
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