This was trading at $12 something last X'Mas and the fundamentals of the company hasn't changed.
In my opinion, once the macroeconomic or sentiments improves, people will see values in battery technology companies as EV continues to replace ICE vehicles. Also, I reckon the steep downward slope from $12 to $2-ish are most likely caused by manipulation by shorters. Once the sentiments turns around, the shorters will have to rush to 'buy back' their shares.
I look forward to seeing the annual report, which could be released anytime from now!
Anyone has a price target for X'Mas 2022 and 2023?
Why are people dumping NVX shares ?, page-29
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $337.4M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 70.0¢ | 68.5¢ | $300.0K | 432.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 132316 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 7736 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| NVX (ASX) Chart |