Post by
davgro on May 15, 2023 2:47pm
NDVA Hits Another 52-Week Low of C$ 0.05
It appears that the market is expecting another disappointing report when NDVA reports Q1 2023 financials on May 16th. Q4 2022 results reported on April 18th were less than impressive and the share price has declined 33% since then to the new low of today.
In its Q4 2022 financials the company provided guidance stating that it "...expects that Q1 2023 net revenue will be down slightly on a sequential basis."
Prudent investors should sit on the sidelines until after the May 16th financials are released before considering a new position.
Don't get conned by Duster340 who on April 24th posted that NDVA was a "Good Buying Opportunity" when it was trading at C$0.065. He has made the same claim everytime the stock has reached new 52-week lows starting in the teens. It is obvious that he has a large bag of NDVA shares he would like to sell to new investors.
Comment by
WeedWhacker on May 15, 2023 7:31pm
This is trading at less then 1 quarters revenue. Ridiculous that it gets no love. If they can show profitability this is worth alot more than it is today that i know. Dusty isn't wrong.
Comment by
carlp727 on May 16, 2023 7:57am
Sounds to me that you are even a bigger bag holder...lol....sell and move on or average down to .055 like the smart people have..the bottom is in and nowhere to go but up.....oh ya you might want to get in before a buyout happens....