Potential Buy Entry Alert to Watch AD8

Time Frame : Daily/Weekly

Sector : Technology Hardware & Equipment

Key Stats : $200.04 Million Market Cap, VWAP 3.485, ASX Ranking 551, 4 Week Av Turnover $346,953, Current Turnover (Intraday as at time of alert) $1,305,315.

Company Overview : Audinate Group limited (AD8) is the provider of digital Audio-Visual networking technologies. Dante is Audinate’s technology platform that distributes digital audio signals over computer networks. Audinate’s solutions are utilised across thousands of installations within the professional AV market, which includes the Sound Reinforcement, Broadcast, and Recording segments.

Broker Consensus : BUY

AD8 – Audinate Group Limited

AD8 is showing some early signs that buyers are starting to have a nibble to support price at current levels. Although buyers still have some work to do, we see the last few days of solid volume and buyers soaking it up. Watching now for price to kick up and then the higher low to build.

Stock Code : AD8 – Audinate Group Limited

Company Website : www.audinate.com

Current Price : 3.49

Status : On watch for buy entry setup