New Zealand Stock Market
Overvalued stocks — New Zealand Stock Market
Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
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ERD
EROAD LIMITED NPV
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3.17 | 4.62% | 0.14 | Strong Buy | 166.506K | 216.444M | — | -0.07 | 250.00 | Technology |
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EVO
EVOLVE EDUCATION G NPV
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0.14 | 8.73% | 0.01 | Buy | 592.003K | 133.370M | — | -0.15 | — | Industrials |
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FCG
FONTERRA CO-OP GRP NPV
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4.02 | -0.50% | -0.02 | Buy | 221.115K | 6.480B | — | -0.35 | 20000.00 | Consumer Non-Cyclicals |
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KMD
KATHMANDU HOLDINGS NPV
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3.14 | -1.26% | -0.04 | Buy | 92.451K | 889.953M | 12.85 | 0.25 | 1144.00 | Consumer Cyclicals |
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MHJ
MICHAEL HILL INTL NPV (NEW)
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0.75 | 1.35% | 0.01 | Buy | 874.739K | 273.248M | 16.48 | 0.04 | 2600.00 | Consumer Cyclicals |
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MMH
MARSDEN MARITIME H NPV
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6.08 | 0.16% | 0.01 | Buy | 16.797K | 251.108M | — | — | 0.00 | Industrials |
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NPH
NAPIER PORT HOLDIN NPV
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3.26 | 0.31% | 0.01 | Buy | 52.765K | — | — | — | — | — |
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NZO
NZ OIL & GAS NPV
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0.71 | 0.70% | 0.01 | Buy | 191.606K | 120.012M | — | -0.02 | 13.00 | Energy |
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PFI
PROPERTY FOR IND NPV
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2.48 | 0.61% | 0.01 | Buy | 314.145K | 1.234B | 9.73 | 0.25 | 0.00 | Financials |
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SPN
SOUTH PORT NZ NPV
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7.90 | 0.77% | 0.06 | Buy | 7.954K | 207.256M | 21.17 | 0.37 | 100.00 | Industrials |
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TLT
TILT RENEWABLES LT NPV
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2.98 | 0.00% | 0.00 | Buy | 3.513K | 1.531B | 97.10 | 0.03 | — | Utilities |
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