... Is the Qantas share price in the buy zone? I believe this should also bode well for this ASX growth share’s future. Despite being hammered recently, the Nearmap Ltd (ASX: NEA) share price could be in the buy zone for the long term. Another company I think could make a good addition to your ASX share portfolio this month is Nearmap. It contains the drug Penthrox and is advocated by many as superior to other pain relief medications. It might leave some of its longer-term shareholders scratching their heads, wondering why one of the best performing stocks in their portfolios seems to be consistently languishing in the red.The market’s subdued reaction to the preliminary results most likely stems from Nearmap’s announced change in accounting policy. Stable Share Price: NEA's share price has been volatile over the past 3 months. This broker thinks it is. View live NEARMAP LTD chart to track its stock's price action. The company is cementing its market leading position in Australia and New Zealand, while growing its presence in North America and it also recently began commercial sales of its first artificial intelligence content.My first impression is that Nearmap has been overly punished by short-term investors for what is essentially a pretty positive results announcement. 7 Day Return. I think investors should give the Nearmap share price some time to consolidate and wait for positive price action before buying shares in the company.There is an increase in competition within the aerial imaging sector, with the listing of Here are 5 other stocks that could be in the buy zone.Our Motley Fool experts have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…Plus 3 more cheap bets that could position you to profit over the next 12 months!See for yourself now. Nearmap saw churn in North America rise from 6.1% in the first half of FY19 to 20.6% in the first half of FY20. The Nearmap share price has soared more than 150% since its March lows. Based on the current Nearmap share price and a total of ~451 million shares outstanding, Nearmap has a market capitalisation of just under $1.2 billion. However, I believe this changes over longer-term holding periods.With this in mind, following are 2 ASX growth shares I currently own but would be happy to double down on next week, based on today’s prices.In fact, the Nearmap share price has been on a crazy rollercoaster over the last two years. : Get the latest Nearmap stock price and detailed information including news, historical charts and realtime prices. Moreover, these figures only represent markets the company currently operates in. ASX growth shares can be a little more volatile than the market as a whole. 2.9%. Whilst this makes it quite expensive, I believe the company is deserving of its premium valuation.This is due to its very strong long term growth potential thanks to its leadership position in a massive and growing global market.Overall, I think it could be a great long term investment along with fellow tech shares When investing expert Scott Phillips has a stock tip, it can pay to listen. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered!
On this note, Nearmap’s CEO Rob Newman has expressed a desire to become a global leader and believes the company’s unique business model has the potential to scale to multiple geographies around the world.I believe Nearmap’s business model has proven itself in ANZ and shown scalability in the NA market.
This is because in the short term, a company’s share price is often not representative of the value of its underlying business. This is still considerably less than its pre-pandemic high of $3.86. Motley Fool resident tech stock expert Dr. Anirban Mahanti has stumbled upon three under-the-radar stock picks he believes could be some of the greatest discoveries of his investing career.He’s so confident in their future prospects that he has issued “” buy alerts on each of these three stocks to members of his Get the best stories in the world all in one place with Disney+Cash Rate Cut: Are You Getting The Best Home Loan Deal? With the Nearmap Ltd (ASX:NEA) share price down by 35% since the end of January, is now the time to buy this ASX tech share? Since the start of the year the leading aerial imagery technology and location data company’s shares have gained a sizeable 70%.Investors have been buying Nearmap’s shares this year following the release of another In FY 2019 Nearmap continued to experience strong demand for its services in both the ANZ and North American markets. Market Performance. I put Nearmap alongside other market-leading tech growth stocks like When investing expert Scott Phillips has a stock tip, it can pay to listen.
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