How to buy Thorney Technologies (TEK) shares

Learn how to easily invest in Thorney Technologies shares.

Thorney Technologies Ltd
-A$0.01 (-1.15%)

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Thorney Technologies Ltd is an oil & gas refining & marketing business based in Australia. Thorney Technologies shares (TEK) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Thorney Technologies has a trailing 12-month revenue of around $31.8 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Thorney 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 Thorney Technologies . Find the share by name or ticker symbol: TEK. 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 Thorney 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, 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 Thorney 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.

Thorney Technologies stock price (ASX:TEK)

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

Thorney Technologies shares at a glance

Information last updated 2021-07-31.
52-week range$0.134 - $0.445
50-day moving average $0.2319
200-day moving average $0.2046
Target price$1.66
PE ratio 4.5109
Dividend yield N/A (0%)
Earnings per share (TTM) $0.092

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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.
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Is it a good time to buy Thorney 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.

Thorney Technologies price performance over time

Historical closes compared with the last close of A$0.41

1 month (2021-07-02) -4.65%
3 months (2021-05-04) 3.80%
5 years (2016-07-31) inf%

Is Thorney Technologies under- or over-valued?

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

Thorney Technologies 's P/E ratio

Thorney 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 5x. In other words, Thorney Technologies shares trade at around 5x recent earnings.

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

Thorney Technologies financials

Revenue TTM $31.8 million
Operating margin TTM 73.89%
Gross profit TTM $1.3 million
Return on assets TTM 11.56%
Return on equity TTM 19.98%
Profit margin 76.68%
Book value 0.421
Market capitalisation $106.8 million

TTM: trailing 12 months

Thorney Technologies share dividends

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

Have Thorney Technologies 's shares ever split?

Thorney Technologies 's shares were split on a 1:100 basis on 12 December 2016. So if you had owned 100 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Thorney Technologies shares – just the quantity. However, indirectly, the new 9900% higher share price could have impacted the market appetite for Thorney Technologies shares which in turn could have impacted Thorney Technologies 's share price.

Thorney Technologies share price volatility

Over the last 12 months, Thorney Technologies 's shares have ranged in value from as little as $0.134 up to $0.445. A popular way to gauge a stock's volatility is its "beta".

TEK.AU volatility(beta: 1.04)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Thorney Technologies 's is 1.0398. This would suggest that Thorney Technologies 's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Thorney Technologies overview

Thorney Technologies Ltd invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 and is based in Melbourne, Australia.

Thorney Technologies in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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