Previous close | 8.97 |
Open | 8.96 |
Bid | 9.33 x 0 |
Ask | 9.35 x 0 |
Day's range | 8.96 - 9.38 |
52-week range | 8.71 - 12.98 |
Volume | |
Avg. volume | 220,822 |
Market cap | 938.262M |
Beta (5Y monthly) | 0.92 |
PE ratio (TTM) | 37.32 |
EPS (TTM) | 0.25 |
Earnings date | 16 Aug 2024 |
Forward dividend & yield | 0.14 (1.56%) |
Ex-dividend date | 12 Sept 2024 |
1y target est | 12.33 |
The Australian market has shown mixed performance recently, with the Materials sector gaining 9.0% while the overall market remained flat over the last week, yet rising 16% in the past 12 months. In this context of anticipated annual earnings growth of 12%, identifying undervalued stocks that are trading below their fair value can present significant opportunities for investors seeking to capitalize on potential gains.
The ASX200 has been flat at 8,141 points, with sectors showing mixed performance amid ongoing monetary policy discussions in the US. In this environment of uncertainty, growth companies with high insider ownership can offer a degree of confidence to investors, as significant insider stakes often signal strong belief in the company's future prospects.
Over the last 7 days, the Australian market has dropped 1.3%, but it remains up 10% over the past year, with earnings forecast to grow by 12% annually. In this context, identifying undervalued stocks can offer investors opportunities to capitalize on potential growth at a discount, and this article will highlight three such picks including Kina Securities.