"Unfortunately Netcomm hasn't been the most reliable in maintaining revenue. A similar fall happened a few years ago. It went up to 38c before falling to 5c."
Back then the revenue was just over 20m and stayed pretty constant. The price was 30c and they went from a small profit to a small loss as they expanded, they now have almost 4x that revenue and the price is 20c.. so it is pretty strange.
My thought is it got pumped and dumped by a consortium of people online. The price should have been 62c falling to 52c, but it never got to 62c because of it's bad historical data (as you pointed out) and fell from 50c to 20c. It probably just needs a large investor to buy up. For that to happen though Netcomm may need a stable service business to compliment it's hardware business.
NTC Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
