- Predictive Discovery Limited (Recommendation: Speculative Buy, Market Cap: AUD 294.61mn)
Predictive Discovery Limited (ASX: PDI) is engaged in the exploration and development of mineral properties. It is involved in the exploration of gold in West Africa with one additional project for gold in Australia.
Business Update:
Results Highlights of 2QFY23:
Key Ratios: During FY22, PDI reported lower leverage that is the asset-to-equity ratio of around 1.09x as compared to industry median of 1.84x.
Outlook:
SWOT Analysis:
Technical Commentary:
Stock Recommendation:
The stock has witnessed a decline of ~2.77% in 1 month and over the last 3 months, it has decreased by ~14.63%. The stock has a 52-week low and 52-week high of AUD 0.145 and AUD 0.250, respectively and is currently trading slightly below the average of a 52-week high-low average.
- Jaxsta Limited (Recommendation: Speculative Buy, Market Cap: AUD 01mn)
Jaxsta Limited (ASX: JXT) provides a public-facing and connected music credits database and technology. Jaxsta delivers official data sourced exclusively and directly from the custodians of that data.
Business Updates:
Results Highlights of 1HFY23:
Key Ratio: During 1HFY23, the company reported an asset turnover of 0.06x as compared to 0.01x in 1HFY22.
Outlook:
SWOT Analysis:
Technical Commentary:
Stock Recommendation:
The stock has witnessed a gain of ~8.62% in 1 week and over the last 1 month, it has increased by ~34.04%. The stock has a 52-week low and 52-week high of AUD 0.016 and AUD 0.065, respectively and is currently trading slightly below the average of 52-week high-low average.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 10 March 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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