Further to my post on 16 March, I've sold out. Fundamentally, I believe Xero is a fantastic business. However at this valuation, I'm concerned that it can easily suffer from a share price drop alongside a general market correction. This is a risky viewpoint as Xero is a business that could simply be overvalued for the next 10 years. In 10 years from today, I'm confident Xero will have a much higher market cap than it does today.
I sold late last week at a small profit and do feel better for it. If the price falls back down to the $100~ range I will become an interested buyer. For now, I will watch from the sidelines.
Good luck to all!
XRO Chart 2021, page-99
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Last
$172.61 |
Change
1.610(0.94%) |
Mkt cap ! $26.36B | |||
| Open | High | Low | Value | Volume |
| $170.49 | $172.61 | $169.08 | $129.3M | 754.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 81 | $171.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $172.69 | 30 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| XRO (ASX) Chart |