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Audinate Group Ltd
Buy, Hold or Sell?

Let's analyse Audinate together

PenkeI guess you are interested in Audinate Group Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Audinate Group Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Audinate (30 sec.)










What can you expect buying and holding a share of Audinate? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
A$2.00
Expected worth in 1 year
A$3.44
How sure are you?
36.4%

+ What do you gain per year?

Total Gains per Share
A$1.44
Return On Investment
6.9%

For what price can you sell your share?

Current Price per Share
A$20.94
Expected price per share
A$15.25 - A$23.51
How sure are you?
50%

1. Valuation of Audinate (5 min.)




Live pricePrice per Share (EOD)

A$20.94

Intrinsic Value Per Share

A$2.32 - A$2.79

Total Value Per Share

A$4.32 - A$4.78

2. Growth of Audinate (5 min.)




Is Audinate growing?

Current yearPrevious yearGrowGrow %
How rich?$108.2m$49.6m$26m34.4%

How much money is Audinate making?

Current yearPrevious yearGrowGrow %
Making money$4.6m-$657.7k$5.2m114.2%
Net Profit Margin22.3%-2.8%--

How much money comes from the company's main activities?

3. Financial Health of Audinate (5 min.)




4. Comparing to competitors in the Electronic Components industry (5 min.)




  Industry Rankings (Electronic Components)  


Richest
#314 / 524

Most Revenue
#356 / 524

Most Profit
#187 / 524

What can you expect buying and holding a share of Audinate? (5 min.)

Welcome investor! Audinate's management wants to use your money to grow the business. In return you get a share of Audinate.

What can you expect buying and holding a share of Audinate?

First you should know what it really means to hold a share of Audinate. And how you can make/lose money.

Speculation

The Price per Share of Audinate is A$20.94. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Audinate.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Audinate, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$2.00. Based on the TTM, the Book Value Change Per Share is A$0.36 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Audinate.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.040.2%0.060.3%-0.010.0%0.000.0%0.000.0%
Usd Book Value Change Per Share0.592.8%0.231.1%0.000.0%0.060.3%0.040.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.592.8%0.231.1%0.000.0%0.060.3%0.040.2%
Usd Price Per Share10.55-7.42-4.71-5.14-3.35-
Price to Earnings Ratio70.85-40.32--362.99--153.66--61.06-
Price-to-Total Gains Ratio17.75--100.88--156.24--132.18-15,692,925.27-
Price to Book Ratio8.10-8.15-7.88-9.77-8.08-
Price-to-Total Gains Ratio17.75--100.88--156.24--132.18-15,692,925.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share13.659162
Number of shares73
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.230.06
Usd Total Gains Per Share0.230.06
Gains per Quarter (73 shares)17.124.36
Gains per Year (73 shares)68.4817.42
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1068580177
2013712603524
3020519405241
4027426207058
5034233008775
60411398010592
704794660122109
805485340139126
906166020157143
1006856700174160

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.00.00.0100.0%3.08.00.027.3%5.014.00.026.3%13.018.02.039.4%13.018.02.039.4%
Book Value Change Per Share2.01.00.066.7%3.05.03.027.3%6.06.07.031.6%12.08.013.036.4%12.08.013.036.4%
Dividend per Share0.00.03.00.0%0.00.011.00.0%0.00.019.00.0%0.00.033.00.0%0.00.033.00.0%
Total Gains per Share2.01.00.066.7%3.05.03.027.3%6.06.07.031.6%12.08.013.036.4%12.08.013.036.4%

Fundamentals of Audinate

About Audinate Group Ltd

Audinate Group Limited develops and sells digital audio visual (AV) networking solutions in Australia and internationally. It provides Dante, a technology platform that distributes digital audio and video signals over computer networks to original equipment manufacturers. The company also offers software products, such as Dante Controller, a real-time network monitoring device; Dante Virtual Soundcard that provides access to various audio devices on the network; Dante Via, a software that delivers multi-channel routing of computer-based audio; Dante Studio; Dante Connect that delivers in-sync audio directly from Dante networks to cloud services; and Dante Domain Manager, as well as Dante AVIO adapter. In addition, it provides Dante-enabled products; and various products to develop networked AV products, including chips and modules, IP Core, Dante AV, Dante embedded platform, Dante Ultimo, Dante Brooklyn, Dante application library, and reference designs. The company was founded in 2003 and is headquartered in Surry Hills, Australia.

Fundamental data was last updated by Penke on 2024-03-19 07:38:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of Audinate Group Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Audinate earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • A Net Profit Margin of 10.2% means that $0.10 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Audinate Group Ltd:

  • The MRQ is 10.2%. The company is making a huge profit. +2
  • The TTM is 22.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ10.2%TTM22.3%-12.1%
TTM22.3%YOY-2.8%+25.1%
TTM22.3%5Y-1.2%+23.5%
5Y-1.2%10Y-17.9%+16.7%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ10.2%3.8%+6.4%
TTM22.3%4.1%+18.2%
YOY-2.8%5.5%-8.3%
5Y-1.2%4.4%-5.6%
10Y-17.9%4.7%-22.6%
1.1.2. Return on Assets

Shows how efficient Audinate is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • 2.6% Return on Assets means that Audinate generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Audinate Group Ltd:

  • The MRQ is 2.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 6.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ2.6%TTM6.0%-3.4%
TTM6.0%YOY-1.1%+7.2%
TTM6.0%5Y-0.1%+6.1%
5Y-0.1%10Y-5.4%+5.3%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%0.9%+1.7%
TTM6.0%0.9%+5.1%
YOY-1.1%1.3%-2.4%
5Y-0.1%1.1%-1.2%
10Y-5.4%1.1%-6.5%
1.1.3. Return on Equity

Shows how efficient Audinate is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • 2.9% Return on Equity means Audinate generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Audinate Group Ltd:

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.9%TTM7.2%-4.3%
TTM7.2%YOY-1.3%+8.5%
TTM7.2%5Y-0.1%+7.3%
5Y-0.1%10Y-7.6%+7.5%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%1.6%+1.3%
TTM7.2%1.5%+5.7%
YOY-1.3%2.4%-3.7%
5Y-0.1%2.1%-2.2%
10Y-7.6%2.1%-9.7%

1.2. Operating Efficiency of Audinate Group Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Audinate is operating .

  • Measures how much profit Audinate makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • An Operating Margin of 9.0% means the company generated $0.09  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Audinate Group Ltd:

  • The MRQ is 9.0%. The company is operating less efficient.
  • The TTM is 5.2%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.0%TTM5.2%+3.8%
TTM5.2%YOY-3.7%+8.9%
TTM5.2%5Y-1.7%+6.9%
5Y-1.7%10Y-13.7%+12.1%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ9.0%5.7%+3.3%
TTM5.2%2.2%+3.0%
YOY-3.7%5.3%-9.0%
5Y-1.7%5.3%-7.0%
10Y-13.7%4.2%-17.9%
1.2.2. Operating Ratio

Measures how efficient Audinate is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Components industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Audinate Group Ltd:

  • The MRQ is 0.910. The company is less efficient in keeping operating costs low.
  • The TTM is 0.948. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.910TTM0.948-0.038
TTM0.948YOY0.784+0.164
TTM0.9485Y0.748+0.200
5Y0.74810Y0.853-0.105
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9101.724-0.814
TTM0.9481.728-0.780
YOY0.7841.706-0.922
5Y0.7481.689-0.941
10Y0.8531.484-0.631

1.3. Liquidity of Audinate Group Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Audinate is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
  • A Current Ratio of 9.95 means the company has $9.95 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Audinate Group Ltd:

  • The MRQ is 9.953. The company is very able to pay all its short-term debts. +2
  • The TTM is 5.952. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ9.953TTM5.952+4.002
TTM5.952YOY4.396+1.556
TTM5.9525Y6.577-0.625
5Y6.57710Y5.050+1.527
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ9.9531.855+8.098
TTM5.9521.846+4.106
YOY4.3961.849+2.547
5Y6.5771.890+4.687
10Y5.0501.692+3.358
1.3.2. Quick Ratio

Measures if Audinate is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • A Quick Ratio of 12.99 means the company can pay off $12.99 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Audinate Group Ltd:

  • The MRQ is 12.995. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 7.321. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ12.995TTM7.321+5.674
TTM7.321YOY5.485+1.836
TTM7.3215Y4.943+2.378
5Y4.94310Y3.504+1.439
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ12.9950.774+12.221
TTM7.3210.758+6.563
YOY5.4850.809+4.676
5Y4.9430.847+4.096
10Y3.5040.882+2.622

1.4. Solvency of Audinate Group Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Audinate assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Audinate to Electronic Components industry mean.
  • A Debt to Asset Ratio of 0.08 means that Audinate assets are financed with 8.3% credit (debt) and the remaining percentage (100% - 8.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Audinate Group Ltd:

  • The MRQ is 0.083. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.124. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.083TTM0.124-0.041
TTM0.124YOY0.156-0.033
TTM0.1245Y0.140-0.017
5Y0.14010Y0.165-0.025
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0830.425-0.342
TTM0.1240.423-0.299
YOY0.1560.447-0.291
5Y0.1400.441-0.301
10Y0.1650.426-0.261
1.4.2. Debt to Equity Ratio

Measures if Audinate is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Audinate to the Electronic Components industry mean.
  • A Debt to Equity ratio of 9.0% means that company has $0.09 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Audinate Group Ltd:

  • The MRQ is 0.090. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.147. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.090TTM0.147-0.056
TTM0.147YOY0.188-0.041
TTM0.1475Y0.166-0.019
5Y0.16610Y0.211-0.045
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0900.750-0.660
TTM0.1470.749-0.602
YOY0.1880.840-0.652
5Y0.1660.824-0.658
10Y0.2110.804-0.593

2. Market Valuation of Audinate Group Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Audinate generates.

  • Above 15 is considered overpriced but always compare Audinate to the Electronic Components industry mean.
  • A PE ratio of 70.85 means the investor is paying $70.85 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Audinate Group Ltd:

  • The EOD is 91.691. Based on the earnings, the company is expensive. -2
  • The MRQ is 70.848. Based on the earnings, the company is expensive. -2
  • The TTM is 40.321. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD91.691MRQ70.848+20.843
MRQ70.848TTM40.321+30.527
TTM40.321YOY-362.986+403.307
TTM40.3215Y-153.664+193.985
5Y-153.66410Y-61.062-92.601
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD91.69114.877+76.814
MRQ70.84814.752+56.096
TTM40.32114.600+25.721
YOY-362.98612.909-375.895
5Y-153.66418.542-172.206
10Y-61.06223.001-84.063
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Audinate Group Ltd:

  • The EOD is 95.705. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 73.950. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 56.366. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD95.705MRQ73.950+21.755
MRQ73.950TTM56.366+17.583
TTM56.366YOY5,361.726-5,305.360
TTM56.3665Y1,708.508-1,652.142
5Y1,708.50810Y976.265+732.243
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD95.7055.145+90.560
MRQ73.9505.250+68.700
TTM56.3663.027+53.339
YOY5,361.7261.643+5,360.083
5Y1,708.5081.384+1,707.124
10Y976.2651.924+974.341
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Audinate is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Components industry mean).
  • A PB ratio of 8.10 means the investor is paying $8.10 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Audinate Group Ltd:

  • The EOD is 10.485. Based on the equity, the company is expensive. -2
  • The MRQ is 8.102. Based on the equity, the company is overpriced. -1
  • The TTM is 8.150. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD10.485MRQ8.102+2.383
MRQ8.102TTM8.150-0.048
TTM8.150YOY7.882+0.267
TTM8.1505Y9.767-1.617
5Y9.76710Y8.077+1.690
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD10.4851.813+8.672
MRQ8.1021.902+6.200
TTM8.1501.946+6.204
YOY7.8821.959+5.923
5Y9.7672.129+7.638
10Y8.0772.257+5.820
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Audinate Group Ltd.

3.1. Funds holding Audinate Group Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-02-28SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF0.05-39415--
Total 0.0503941500.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Audinate Group Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.9120.360+154%-0.003+100%0.091+897%0.061+1407%
Book Value Per Share--1.9971.398+43%0.917+118%0.857+133%0.561+256%
Current Ratio--9.9535.952+67%4.396+126%6.577+51%5.050+97%
Debt To Asset Ratio--0.0830.124-33%0.156-47%0.140-41%0.165-50%
Debt To Equity Ratio--0.0900.147-38%0.188-52%0.166-45%0.211-57%
Dividend Per Share----0%-0%-0%-0%
Eps--0.0570.085-33%-0.009+115%0.005+973%-0.002+104%
Free Cash Flow Per Share--0.0550.051+7%-0.036+166%-0.002+103%-0.002+104%
Free Cash Flow To Equity Per Share--0.8660.319+171%-0.040+105%0.057+1406%0.038+2154%
Gross Profit Margin--0.4920.671-27%3.455-86%1.173-58%0.842-42%
Intrinsic Value_10Y_max--2.788--------
Intrinsic Value_10Y_min--2.320--------
Intrinsic Value_1Y_max--0.056--------
Intrinsic Value_1Y_min--0.055--------
Intrinsic Value_3Y_max--0.338--------
Intrinsic Value_3Y_min--0.320--------
Intrinsic Value_5Y_max--0.826--------
Intrinsic Value_5Y_min--0.752--------
Market Cap1740298272.000+23%1344700384.000945224085.333+42%600461080.000+124%654722378.105+105%427204416.485+215%
Net Profit Margin--0.1020.223-54%-0.028+128%-0.012+112%-0.179+276%
Operating Margin--0.0900.052+72%-0.037+141%-0.017+119%-0.137+253%
Operating Ratio--0.9100.948-4%0.784+16%0.748+22%0.853+7%
Pb Ratio10.485+23%8.1028.150-1%7.882+3%9.767-17%8.077+0%
Pe Ratio91.691+23%70.84840.321+76%-362.986+612%-153.664+317%-61.062+186%
Price Per Share20.940+23%16.18011.373+42%7.225+124%7.878+105%5.140+215%
Price To Free Cash Flow Ratio95.705+23%73.95056.366+31%5361.726-99%1708.508-96%976.265-92%
Price To Total Gains Ratio22.966+23%17.745-100.878+668%-156.237+980%-132.182+845%15692925.269-100%
Quick Ratio--12.9957.321+78%5.485+137%4.943+163%3.504+271%
Return On Assets--0.0260.060-57%-0.011+143%-0.001+104%-0.054+304%
Return On Equity--0.0290.072-60%-0.013+147%-0.001+104%-0.076+366%
Total Gains Per Share--0.9120.360+154%-0.003+100%0.091+897%0.061+1407%
Usd Book Value--108264840.20075770950.784+43%49692866.300+118%46464221.655+133%30394454.374+256%
Usd Book Value Change Per Share--0.5950.235+154%-0.002+100%0.060+897%0.039+1407%
Usd Book Value Per Share--1.3030.912+43%0.598+118%0.559+133%0.366+256%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0370.056-33%-0.006+115%0.003+973%-0.002+104%
Usd Free Cash Flow--2965355.8002782603.083+7%-1951518.525+166%-103406.716+103%-110062.065+104%
Usd Free Cash Flow Per Share--0.0360.033+7%-0.023+166%-0.001+103%-0.001+104%
Usd Free Cash Flow To Equity Per Share--0.5650.208+171%-0.026+105%0.038+1406%0.025+2154%
Usd Market Cap1135196562.826+23%877148060.483616569670.863+42%391680762.484+124%427075407.238+105%278665440.873+215%
Usd Price Per Share13.659+23%10.5547.419+42%4.713+124%5.139+105%3.353+215%
Usd Profit--3095163.5004627198.767-33%-657763.013+121%200170.271+1446%-268220.932+109%
Usd Revenue--30399789.20022806147.467+33%11795296.288+158%9728213.376+212%6783434.995+348%
Usd Total Gains Per Share--0.5950.235+154%-0.002+100%0.060+897%0.039+1407%
 EOD+4 -4MRQTTM+24 -10YOY+29 -55Y+30 -410Y+28 -6

4.2. Fundamental Score

Let's check the fundamental score of Audinate Group Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1591.691
Price to Book Ratio (EOD)Between0-110.485
Net Profit Margin (MRQ)Greater than00.102
Operating Margin (MRQ)Greater than00.090
Quick Ratio (MRQ)Greater than112.995
Current Ratio (MRQ)Greater than19.953
Debt to Asset Ratio (MRQ)Less than10.083
Debt to Equity Ratio (MRQ)Less than10.090
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.026
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Audinate Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.512
Ma 20Greater thanMa 5021.918
Ma 50Greater thanMa 10019.845
Ma 100Greater thanMa 20017.561
OpenGreater thanClose21.280
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets180,988
Total Liabilities15,014
Total Stockholder Equity165,974
 As reported
Total Liabilities 15,014
Total Stockholder Equity+ 165,974
Total Assets = 180,988

Assets

Total Assets180,988
Total Current Assets128,817
Long-term Assets52,171
Total Current Assets
Cash And Cash Equivalents 62,172
Short-term Investments 49,500
Net Receivables 7,009
Inventory 6,222
Other Current Assets 3,914
Total Current Assets  (as reported)128,817
Total Current Assets  (calculated)128,817
+/-0
Long-term Assets
Property Plant Equipment 3,799
Goodwill 9,177
Intangible Assets 36,125
Long-term Assets Other 443
Long-term Assets  (as reported)52,171
Long-term Assets  (calculated)49,544
+/- 2,627

Liabilities & Shareholders' Equity

Total Current Liabilities12,942
Long-term Liabilities2,072
Total Stockholder Equity165,974
Total Current Liabilities
Short-term Debt 714
Accounts payable 3,865
Other Current Liabilities 5,778
Total Current Liabilities  (as reported)12,942
Total Current Liabilities  (calculated)10,357
+/- 2,585
Long-term Liabilities
Long-term Liabilities  (as reported)2,072
Long-term Liabilities  (calculated)0
+/- 2,072
Total Stockholder Equity
Common Stock199,764
Retained Earnings -39,422
Accumulated Other Comprehensive Income 5,632
Total Stockholder Equity (as reported)165,974
Total Stockholder Equity (calculated)165,974
+/-0
Other
Cash and Short Term Investments 111,672
Common Stock Shares Outstanding 80,728
Current Deferred Revenue2,585
Liabilities and Stockholders Equity 180,988
Net Debt -60,111
Net Working Capital 115,875
Short Long Term Debt Total 2,061



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-12-312023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302014-06-30
> Total Assets 
7,229
7,690
0
0
8,366
8,366
8,260
8,260
29,068
29,068
23,568
23,567
24,740
24,740
25,880
25,880
46,538
46,538
56,782
56,782
0
50,303
0
88,694
0
89,806
0
86,397
90,438
90,438
90,177
90,177
106,602
106,602
180,988
180,988106,602106,60290,17790,17790,43890,43886,397089,806088,694050,303056,78256,78246,53846,53825,88025,88024,74024,74023,56723,56829,06829,0688,2608,2608,3668,366007,6907,229
   > Total Current Assets 
0
0
0
0
0
0
6,387
6,387
26,702
26,702
17,667
17,667
18,295
18,295
18,477
18,477
35,556
35,556
39,080
39,080
33,773
33,773
71,185
71,185
71,799
71,799
67,185
67,185
57,842
57,842
54,400
54,400
56,469
56,469
128,817
128,81756,46956,46954,40054,40057,84257,84267,18567,18571,79971,79971,18571,18533,77333,77339,08039,08035,55635,55618,47718,47718,29518,29517,66717,66726,70226,7026,3876,387000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
3,465
3,465
18,694
18,694
14,455
14,455
13,631
13,631
12,176
12,176
30,069
30,069
34,349
34,349
0
29,286
0
39,326
0
38,429
0
33,335
17,465
17,465
21,867
21,867
24,031
24,031
62,172
62,17224,03124,03121,86721,86717,46517,46533,335038,429039,326029,286034,34934,34930,06930,06912,17612,17613,63113,63114,45514,45518,69418,6943,4653,465000000
       Short-term Investments 
0
0
0
0
0
0
0
0
105
105
0
0
106
106
0
0
218
218
0
0
0
403
0
27,000
0
364
0
27,000
27,656
27,000
16,000
16,000
17,785
16,000
49,500
49,50016,00017,78516,00016,00027,00027,65627,0000364027,0000403000218218001061060010510500000000
       Net Receivables 
2,536
2,459
0
0
3,065
3,065
1,912
1,912
6,994
6,994
1,834
1,834
3,163
1,819
3,487
2,045
2,872
2,872
2,620
2,620
1,849
1,849
2,708
2,708
3,240
3,199
3,409
3,409
6,513
6,513
7,947
7,947
6,267
6,267
7,009
7,0096,2676,2677,9477,9476,5136,5133,4093,4093,1993,2402,7082,7081,8491,8492,6202,6202,8722,8722,0453,4871,8193,1631,8341,8346,9946,9941,9121,9123,0653,065002,4592,536
       Other Current Assets 
73
113
0
0
46
46
146
146
141
141
298
298
170
1,620
469
469
812
218
1,140
1,140
0
590
961
961
0
27,000
1,336
1,336
607
1,263
2,532
2,532
0
3,464
3,914
3,9143,46402,5322,5321,2636071,3361,33627,000096196159001,1401,1402188124694691,62017029829814114114614646460011373
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
6,444
0
0
0
10,982
0
0
0
16,530
0
0
0
18,007
0
0
32,596
32,596
14,054
35,777
15,612
50,133
52,171
52,17150,13315,61235,77714,05432,59632,5960018,00700016,53000010,9820006,4440000000000000
       Property Plant Equipment 
184
197
0
0
324
324
357
357
365
365
467
467
691
691
776
776
1,013
1,013
4,342
4,342
3,936
3,936
3,694
3,694
3,401
3,401
3,231
3,231
3,521
3,521
3,274
3,274
4,491
4,491
3,799
3,7994,4914,4913,2743,2743,5213,5213,2313,2313,4013,4013,6943,6943,9363,9364,3424,3421,0131,01377677669169146746736536535735732432400197184
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,605
8,605
8,904
8,904
9,286
9,286
9,177
9,1779,2869,2868,9048,9048,6058,6050000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
444
0
0
0
444
0
0
0
443
0
0
0
443
0
0443000443000444000444000000000000000000000
       Intangible Assets 
4
4
0
0
4
4
1,516
1,516
98
98
2,778
2,778
365
3,879
4,547
4,547
828
7,691
10,204
10,204
0
12,050
0
13,235
0
14,094
0
15,459
19,937
28,542
1,876
31,970
1,835
34,451
36,125
36,12534,4511,83531,9701,87628,54219,93715,459014,094013,235012,050010,20410,2047,6918284,5474,5473,8793652,7782,77898981,5161,516440044
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,982
0
0
0
0
0
0
0
0
0
0
0
-8,605
-14,054
443
-15,612
-9,286
443
443-9,286-15,612443-14,054-8,6050000000000010,98200000000000000000
> Total Liabilities 
1,541
1,448
0
0
2,079
2,079
2,119
2,119
11,484
11,484
3,346
3,346
4,366
4,366
4,355
4,355
5,394
5,394
10,728
10,728
0
8,336
0
8,255
0
10,951
0
9,176
15,154
15,154
12,360
13,838
14,293
16,406
15,014
15,01416,40614,29313,83812,36015,15415,1549,176010,95108,25508,336010,72810,7285,3945,3944,3554,3554,3664,3663,3463,34611,48411,4842,1192,1192,0792,079001,4481,541
   > Total Current Liabilities 
1,371
1,240
0
0
1,847
1,847
1,805
1,805
11,179
11,179
3,046
3,046
4,057
4,057
4,011
4,011
5,261
5,261
8,265
8,265
6,097
6,097
6,302
6,302
9,244
9,244
7,750
7,750
13,174
13,174
12,360
12,360
14,293
14,293
12,942
12,94214,29314,29312,36012,36013,17413,1747,7507,7509,2449,2446,3026,3026,0976,0978,2658,2655,2615,2614,0114,0114,0574,0573,0463,04611,17911,1791,8051,8051,8471,847001,2401,371
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
218
0
0
0
585
0
0
0
656
0
0
860
860
0
893
0
980
714
714980089308608600065600058500021800000000000000000
       Accounts payable 
416
325
0
0
626
626
769
769
735
735
1,790
1,790
1,201
1,201
2,496
2,496
1,122
1,122
2,592
2,592
1,541
1,541
2,821
2,821
1,342
1,342
2,331
2,331
2,347
3,496
4,645
4,645
2,688
3,834
3,865
3,8653,8342,6884,6454,6453,4962,3472,3312,3311,3421,3422,8212,8211,5411,5412,5922,5921,1221,1222,4962,4961,2011,2011,7901,79073573576976962662600325416
       Other Current Liabilities 
955
915
0
0
1,222
1,222
1,036
1,036
10,444
10,444
1,256
1,256
789
2,722
274
274
939
3,831
3,485
3,485
1,986
3,459
524
524
2,895
5,073
2,275
2,275
8,949
6,777
7,715
5,087
11,605
7,089
5,778
5,7787,08911,6055,0877,7156,7778,9492,2752,2755,0732,8955245243,4591,9863,4853,4853,8319392742742,7227891,2561,25610,44410,4441,0361,0361,2221,22200915955
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
309
0
0
0
133
0
0
0
2,239
0
0
0
1,707
0
0
1,980
1,980
0
1,478
0
2,113
2,072
2,0722,11301,47801,9801,980001,7070002,2390001330003090000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,289
0
2,003
0
1,710
0
1,432
0
1,106
0
1,107
0
653
0
1,619
0
01,619065301,10701,10601,43201,71002,00302,2890000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-218
0
0
0
2,003
0
0
0
1,432
0
0
-860
1,107
0
-893
0
1,619
-714
-7141,6190-89301,107-860001,4320002,003000-21800000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
112
0
0
0
0
0
0
0
476
0
0
0
0
0
000004760000000112000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
1,903
1,903
0
0
3,514
3,514
0
0
6,863
6,863
0
0
10,476
10,476
0
0
12,659
12,659
14,231
14,231
17,799
17,799
21,190
21,190
23,330
23,330
0
023,33023,33021,19021,19017,79917,79914,23114,23112,65912,6590010,47610,476006,8636,863003,5143,514001,9031,90300000000
> Total Stockholder Equity
5,688
6,242
6,242
0
6,288
6,288
6,142
6,142
17,585
17,585
20,222
20,221
20,374
20,374
21,525
21,525
41,144
41,144
46,054
46,054
0
41,967
0
80,439
0
78,855
0
77,221
75,284
75,284
73,465
76,339
85,140
90,196
165,974
165,97490,19685,14076,33973,46575,28475,28477,221078,855080,439041,967046,05446,05441,14441,14421,52521,52520,37420,37420,22120,22217,58517,5856,1426,1426,2886,28806,2426,2425,688
   Common Stock
24
26
0
0
29
29
31
31
63,262
63,262
63,283
63,283
63,288
63,288
63,288
63,288
83,143
83,143
87,497
87,497
87,526
87,526
126,943
126,943
126,947
126,947
128,128
128,128
128,266
128,266
128,656
128,656
129,307
129,307
199,764
199,764129,307129,307128,656128,656128,266128,266128,128128,128126,947126,947126,943126,94387,52687,52687,49787,49783,14383,14363,28863,28863,28863,28863,28363,28363,26263,26231312929002624
   Retained Earnings Total Equity00000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
522
0
0
0
775
0
0
0
1,353
0
0
0
2,261
0
0
1,828
1,828
0
2,874
0
5,056
5,632
5,6325,05602,87401,8281,828002,2610001,3530007750005220000000000000
   Capital Surplus 00000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
253
253
303
303
732
205
522
1,139
828
-174
775
1,736
990
990
1,353
3,028
1,617
1,617
2,261
2,261
1,595
1,595
1,828
0
-73,465
-73,465
-85,140
0
0
00-85,140-73,465-73,46501,8281,5951,5952,2612,2611,6171,6173,0281,3539909901,736775-1748281,139522205732303303253253000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue69,699
Cost of Revenue-59,503
Gross Profit10,19610,196
 
Operating Income (+$)
Gross Profit10,196
Operating Expense-9,760
Operating Income436436
 
Operating Expense (+$)
Research Development8,679
Selling General Administrative5,375
Selling And Marketing Expenses4,385
Operating Expense9,76018,439
 
Net Interest Income (+$)
Interest Income656
Interest Expense-239
Other Finance Cost-30
Net Interest Income447
 
Pretax Income (+$)
Operating Income436
Net Interest Income447
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,393-521
EBIT - interestExpense = 197
1,393
10,882
Interest Expense239
Earnings Before Interest and Taxes (EBIT)4361,632
Earnings Before Interest and Taxes (EBITDA)11,012
 
After tax Income (+$)
Income Before Tax1,393
Tax Provision--9,250
Net Income From Continuing Ops10,64310,643
Net Income10,643
Net Income Applicable To Common Shares10,643
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses69,263
Total Other Income/Expenses Net957-447
 

Technical Analysis of Audinate
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Audinate. The general trend of Audinate is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Audinate's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Audinate Group Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 23.48 < 23.51.

The bearish price targets are: 20.62 > 17.94 > 15.25.

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Audinate Group Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Audinate Group Ltd. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Audinate Group Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Audinate Group Ltd. The current macd is 0.30162861.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Audinate price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Audinate. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Audinate price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Audinate Group Ltd Daily Moving Average Convergence/Divergence (MACD) ChartAudinate Group Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Audinate Group Ltd. The current adx is 32.00.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Audinate shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Audinate Group Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Audinate Group Ltd. The current sar is 23.22.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Audinate Group Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Audinate Group Ltd. The current rsi is 47.51. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Audinate Group Ltd Daily Relative Strength Index (RSI) ChartAudinate Group Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Audinate Group Ltd. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Audinate price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Audinate Group Ltd Daily Stochastic Oscillator ChartAudinate Group Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Audinate Group Ltd. The current cci is -101.19951449.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Audinate Group Ltd Daily Commodity Channel Index (CCI) ChartAudinate Group Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Audinate Group Ltd. The current cmo is -16.94584555.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Audinate Group Ltd Daily Chande Momentum Oscillator (CMO) ChartAudinate Group Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Audinate Group Ltd. The current willr is -83.9869281.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Audinate Group Ltd Daily Williams %R ChartAudinate Group Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Audinate Group Ltd.

Audinate Group Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Audinate Group Ltd. The current atr is 0.77442846.

Audinate Group Ltd Daily Average True Range (ATR) ChartAudinate Group Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Audinate Group Ltd. The current obv is 14,624,857.

Audinate Group Ltd Daily On-Balance Volume (OBV) ChartAudinate Group Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Audinate Group Ltd. The current mfi is 76.39.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Audinate Group Ltd Daily Money Flow Index (MFI) ChartAudinate Group Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Audinate Group Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-17MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-02MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Audinate Group Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Audinate Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.512
Ma 20Greater thanMa 5021.918
Ma 50Greater thanMa 10019.845
Ma 100Greater thanMa 20017.561
OpenGreater thanClose21.280
Total4/5 (80.0%)
Penke

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