Previous close | 5.09 |
Open | 5.09 |
Bid | 5.16 x 0 |
Ask | 5.18 x 0 |
Day's range | 5.06 - 5.24 |
52-week range | 3.98 - 8.73 |
Volume | |
Avg. volume | 599,991 |
Market cap | 523.941M |
Beta (5Y monthly) | 1.64 |
PE ratio (TTM) | ∞ |
EPS (TTM) | 0.00 |
Earnings date | 25 Aug 2024 |
Forward dividend & yield | 0.15 (2.95%) |
Ex-dividend date | 11 Sept 2024 |
1y target est | 6.12 |
The ASX200 is set to open just under 1% higher today, reflecting Wall Street’s slight rally as it recovered from last week’s notable losses and as investors look ahead to a potential rate cut from the Federal Reserve. This positive momentum in the market underscores the importance of identifying growth companies with strong insider ownership, which can be a key indicator of confidence in their long-term potential.
The ASX200 has been up around 0.6% to 7,825 points in early afternoon trade, mirroring Wall Street’s rebound and led by strong performances in the retail sector. In this favorable market environment, growth companies with high insider ownership can be particularly attractive as they often signal confidence from those closest to the business.
The Australian market has been flat over the last week but is up 7.8% over the past year, with earnings forecast to grow by 13% annually. In this context, identifying undervalued stocks can offer investors opportunities to capitalize on potential growth at attractive prices.