A2M:ASX a great price to get in now?

The A2 Milk Company Limited sells branded milk and other related products in Australian, New Zealand, USA and other Asian countries. Currently A2M:ASX is trading at around $10.60. After checking the chart I noted there is a huge gap between $10 and previous highest around $18. The next target should be around $12 within next few days in my opinion only.


Institutions are holding 59.8% A2M:ASX shares which is a good sign. Insider trading activity shows 148 million shares sold vs 125 million bought. Current Net Assets NZ$1.13 Billion vs Liabilities NZ$305.43 which also shows a healthy balance sheet. Cash on hand $413 Million, revenue up by 34.2%, operating income 141.48 Million as of June 2020. Current P/E Ratio 21.53.


Please not this is not a financial advice. Please leave comments below.

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