NasdaqGM:PREHealthcare
Prenetics Global (PRE) Stock Price Cools As Losses Cloud Revenue Surge
Investors came into this Prenetics Global earnings print betting on a high growth healthcare stock that screens as deeply undervalued on some fair value models. The immediate verdict in the market told a cooler story. The stock slipped about 3.3% to US$18.76, even as the quarter showed sharply narrower losses and a much higher revenue base than earlier periods.
The headline is simple. Prenetics Global is still loss making, with basic earnings per share of roughly US$0.53 in the red for Q2,...