Australia Stock Alert
CLOSING UPDATE: iBuyNew Group accelerates rise, now up 60.0% in 2 days January 16, 2018 16:00:00 AEST
NEWS BITES - AUSTRALIA
This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
iBuyNew Group, Australia's 37th largest consumer services company by market capitalisation, is up 0.30c (or 60.0%) over the past two trading days. After rising 20% on Monday, the stock rose 33.3% on Tuesday to trade at 0.80c vs. the All Ordinaries Index that is down 0.2% in the same period.
Technical indicators complementing today's significant uptrend:
+ The stock has outperformed 97% of the Australian market over the past 6 months.
+ The price soared 100.0% in the last week and 100.0% in the last month.
iBuyNew Group today is at a discount of 19.2% to the 12-month high of 0.99c on 17 Jan, 2017. It is at a premium of 300.0% to the 12-month low of 0.20c on 24 Jul, 2017.
Tobin's Q Ratio is 2.5. Compared with the rest of the market the stock is overvalued.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Sales of 3.6 [2.4]
Afternoon Alert: iBuyNew Group in 2nd consecutive rise, nears six-month high
January 16, 2018 13:00:00 AEST
iBuyNew Group Limited (ASX:IBN) extended its gains Tuesday, rising an additional 0.10c (or 16.7%) to trade at 0.70c. The stock soared 20.0% on Monday bringing its 2-day rise to 40.0%. It is now testing its 132-day high of 0.70c.
iBuyNew Group Limited (AU:IBN; ASX:IBN; AX:IBN)