Salikipo
SALIK: Current Market Status and Future ProspectsThe current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing a high degree of liquidity and an optimistic outlook from the market participants.
Key Trading Metrics for SALIK
To further analyze SALIK's recent performance in the market, we will examine some key trading metrics. These metrics provide additional context to the company's current market position and investor sentiment.
Previous Close: 2.84
The previous close is the price at which the last trade occurred before the market closed. For SALIK, the previous close was 2.84, which serves as a reference point for the current trading session.
Opening Price: 2.82
The opening price is the first traded price of a financial instrument in a given trading session. SALIK opened at 2.82, which is slightly below the previous close, indicating a cautious start to the trading session.
Last Trade: 2.90
The last trade refers to the most recent transaction that took place for a financial instrument. For SALIK, the last trade occurred at a price of 2.90, which is higher than both the previous close and the opening price, suggesting increased investor confidence.
Price Change: 0.06
The price change represents the difference between the current price and the previous close. In the case of SALIK, the price change is 0.06, indicating an upward movement in the share price.
Price Change (%): 2.11
The percentage price change is the relative price change expressed as a percentage. For SALIK, the percentage price change is 2.11%, which further emphasizes the positive price movement.
Best Bid: 2.83
The best bid is the highest price that a buyer is willing to pay for a financial instrument. In the case of SALIK, the best bid is 2.83, which indicates strong demand from buyers at this price level.
Best Ask: 2.90
The best ask is the lowest price at which a seller is willing to sell a financial instrument. For SALIK, the best ask is 2.90, which suggests that sellers are looking for a higher price to offload their shares.
These key trading metrics, along with the bid and ask orders and the overall market position, provide a comprehensive overview of SALIK's recent performance in the market. Investors should take these factors into account when making decisions about their investments in SALIK.
SALIK fair value is AED 3.53Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).
Go Salik !!If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see another buying signal.
Hit like & follow guys ;)