Post by
davgro on Apr 05, 2024 3:19pm
Get Used To It ⬇
NDVA will be in the dog house for some time, there will be more red days than green over the next 6 months.
When the only analyst covering the stock downgrades it to a HOLD there is a reason and you should pay attention. It was spelled out very clearly in Echelon's analysis.
1) market was hoping for major Federal regulatory changes related to THC concentrations for edibles. That ship has sailed and will impact NDVA's long term revenue and growth.
2) When a public company retains an outside financial advisor to "evaluate potential strategic alternatives" it is a red flag for investors.
Today's selling is the largest daily volume for NDVA in over 3 months. I would not be surprised to see it test recent lows in the weeks and months ahead.
There are better investments out there in this market as the TSX hits new 52-week highs. The cannabis sector is just gambling with your money not smart investing.
DYODD
Comment by
Duster340 on Apr 05, 2024 3:36pm
The big advantage of a undervalued penny stock is that it bottoms out on the first day of a sell-off. where as a $50 stock can drift lower week after week, month after month like BCE. i too added more @5.5 cents. maybe a bounce back when the financials come out, also possible tax changes will be big for ndva shoud be news on that soon.