Previous close | 3.0100 |
Open | 3.0250 |
Bid | 3.0300 x N/A |
Ask | 3.0600 x N/A |
Day's range | 3.0100 - 3.0700 |
52-week range | 2.8000 - 4.7900 |
Volume | |
Avg. volume | 213,364 |
Market cap | N/A |
Beta (5Y monthly) | 0.51 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 23 Aug 2024 - 27 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Amidst a backdrop of fluctuating commodity prices and mixed global market performances, the Australian Securities Exchange (ASX) is experiencing varied dynamics, notably influenced by a recent slump in iron ore prices. In such an environment, growth companies with high insider ownership on the ASX offer a unique proposition, potentially aligning closely with shareholder interests and demonstrating confidence in their business models during uncertain times.
As the ASX200 shows signs of resilience, closing up by about half a percent ahead of the King’s birthday public holiday, investors are keenly observing market movements and sector performances. In this context, growth companies with high insider ownership on the ASX offer a unique appeal, as these insiders often have a vested interest in the company's success which can align closely with shareholder interests during varying economic climates.
The Australian market has shown robust performance recently, with a 3.1% increase over the last week and an 8.1% rise over the past year, alongside forecasts predicting annual earnings growth of 13%. In this context, stocks with high insider ownership can be particularly compelling, as they often indicate that those who know the company best are confident in its future growth potential.