How to buy Phoslock Environmental Technologies shares | A$0.245

Phoslock Environmental Technologies Limited is a pollution & treatment controls business based in Australia. Phoslock Environmental Technologies shares (PET) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.245 – the same closing value as a week prior. Phoslock Environmental Technologies has a trailing 12-month revenue of around $16 million.

How to buy shares in Phoslock Environmental Technologies

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Phoslock Environmental Technologies . Find the share by name or ticker symbol: PET. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Phoslock Environmental Technologies reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.245, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Phoslock Environmental Technologies . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Phoslock Environmental Technologies 's share price?

Since the stock market crash in March caused by coronavirus, Phoslock Environmental Technologies 's share price has had significant negative movement.

Its last market close was $0.245, which is 67.76% down on its pre-crash value of $0.76 and 18.37% down on the lowest point reached during the March crash when the shares fell as low as $0.29.

If you had bought $1,000 worth of Phoslock Environmental Technologies shares at the start of February 2020, those shares would have been worth $478.26 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $355.07.

Phoslock Environmental Technologies share price

Use our graph to track the performance of PET stocks over time.

Phoslock Environmental Technologies shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.245
52-week range	AUDA$0.185 - AUDA$1.135
50-day moving average	AUDA$0.2467
200-day moving average	AUDA$0.3649
Target price	N/A
PE ratio	58.4906
Dividend yield	N/A (0.85%)
Earnings per share (TTM)	AUDA$0.005

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Phoslock Environmental Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Phoslock Environmental Technologies Limited by TradingView

Phoslock Environmental Technologies price performance over time

Historical closes compared with the close of A$0.245 on 2020-10-22

1 week (2020-10-19)	0%
1 month (2020-09-25)	0%
3 months (2020-07-24)	-10.91%
6 months (2020-04-24)	-52.43%

1 year (2019-10-25)	-75.74%
2 years (2018-10-26)	-42.07%
3 years (2017-10-26)	26.29%
5 years (2015-10-26)	883.94%

Is Phoslock Environmental Technologies under- or over-valued?

Valuing Phoslock Environmental Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Phoslock Environmental Technologies 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Phoslock Environmental Technologies 's P/E ratio

Phoslock Environmental Technologies 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 58x. In other words, Phoslock Environmental Technologies shares trade at around 58x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Phoslock Environmental Technologies 's EBITDA

Phoslock Environmental Technologies 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.9 million.

The EBITDA is a measure of a Phoslock Environmental Technologies 's overall financial performance and is widely used to measure a its profitability.

Phoslock Environmental Technologies financials

Revenue TTM	$16 million
Gross profit TTM	$13.4 million
Return on assets TTM	6.91%
Return on equity TTM	10.01%
Profit margin	-21.36%
Book value	0.087
Market capitalisation	$169.1 million

TTM: trailing 12 months

Phoslock Environmental Technologies share dividends

We're not expecting Phoslock Environmental Technologies to pay a dividend over the next 12 months.

Have Phoslock Environmental Technologies 's shares ever split?

Phoslock Environmental Technologies 's shares were split on a 201:200 basis on 18 September 2019. So if you had owned 200 shares the day before before the split, the next day you'd have owned 201 shares. This wouldn't directly have changed the overall worth of your Phoslock Environmental Technologies shares – just the quantity. However, indirectly, the new 0.5% lower share price could have impacted the market appetite for Phoslock Environmental Technologies shares which in turn could have impacted Phoslock Environmental Technologies 's share price.

Phoslock Environmental Technologies share price volatility

Over the last 12 months, Phoslock Environmental Technologies 's shares have ranged in value from as little as $0.185 up to $1.135. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Phoslock Environmental Technologies 's is 0.1995. This would suggest that Phoslock Environmental Technologies 's shares are less volatile than average (for this exchange).

Phoslock Environmental Technologies overview

Phoslock Environmental Technologies Limited engages in the design, engineering, and project implementation solutions for water related projects and water treatment products. It offers Phoslock, a lanthanum modified bentonite material that removes excess phosphate from water and reduces the growth of harmful algae; Zeolite that is applied to heavily polluted water in order to bind nitrogen; and Bacteria for use in water treatment processes to enhance the quality of water. The company's products are used to clean up lakes, rivers, canals, and drinking water reservoirs. It offers its products through licensees and sales agents in Australia and New Zealand; Europe and the United Kingdom; the United States, Canada, and Brazil; and China. The company was formerly known as Phoslock Water Solutions Limited and changed its name to Phoslock Environmental Technologies Limited in August 2018. Phoslock Water Solutions Limited was founded in 2002 and is headquartered in Melbourne, Australia.

Frequently asked questions

• What percentage of Phoslock Environmental Technologies is owned by insiders or institutions?

  Currently 33.048% of Phoslock Environmental Technologies shares are held by insiders and 6.822% by institutions.

• When does the fiscal year end for Phoslock Environmental Technologies ?

  Phoslock Environmental Technologies 's fiscal year ends in June.

• Where is Phoslock Environmental Technologies based?

  Phoslock Environmental Technologies 's address is: 1 Collins Street, Melbourne, VIC, Australia, 3000

• What is Phoslock Environmental Technologies 's ISIN number?

  Phoslock Environmental Technologies 's international securities identification number is: AU0000021974