Previous close | 21.00 |
Open | 20.98 |
Bid | 21.38 x 0 |
Ask | 21.39 x 0 |
Day's range | 20.89 - 21.43 |
52-week range | 17.61 - 23.50 |
Volume | |
Avg. volume | 928,464 |
Market cap | 4.727B |
Beta (5Y monthly) | 1.63 |
PE ratio (TTM) | 36.88 |
EPS (TTM) | 0.58 |
Earnings date | 30 Aug 2024 |
Forward dividend & yield | 0.20 (0.95%) |
Ex-dividend date | 26 Mar 2024 |
1y target est | 22.85 |
The Australian Securities Exchange (ASX) recently experienced a robust performance, closing up nearly 1.2% with notable gains in the materials sector. Amidst these market movements, understanding the significance of high insider ownership can be particularly relevant as it often reflects leadership's confidence in their company's growth trajectory and long-term prospects.
The Australian market is showing signs of vitality, with the ASX200 poised for gains following upbeat sessions in the US markets and positive economic indicators hinting at potential interest rate cuts. Amidst this optimistic backdrop, understanding the influence of high insider ownership can be crucial in identifying growth companies that are well-positioned to navigate current market conditions.
The Australian stock market has experienced a slight downturn over the last week, falling by 1.4%, though it remains up by 6.5% over the past year with earnings expected to grow by 13% annually. In such a fluctuating environment, identifying stocks that are potentially undervalued can offer opportunities for investors looking for value in a growing market.