33% drop to A$0.001: 1TT.AX Thrive Tribe Technologies (ASX) pre-market warning
The 1TT.AX stock plunged 33.33% in pre-market trade to A$0.001, led by a surge in volume to 101,232,720 shares. This move follows a sharp multi-month decline, leaving the share price just above its year low A$0.001 and far below the 52-week high A$0.06. For ASX traders, the drop signals extreme volatility and liquidity questions for Thrive Tribe Technologies Limited on the Australian market.
Why 1TT.AX stock fell pre-market
Trade data shows a one-day fall of 33.33% from the prior close of A$0.0015 to A$0.001. Volume spiked to 101,232,720.00 shares, near 12.46x average volume, pointing to a concentrated sell event. The move ties to thin market depth and weak recent financial growth that markets have priced in.
Fundamentals snapshot for Thrive Tribe Technologies (1TT.AX)
Thrive Tribe Technologies reports EPS -0.05, PE -0.02, market cap A$101,586.00, and shares outstanding 101,586,000.00. Key ratios: PB 2.55, Price/Sales 0.57, and current ratio 0.48. Revenue trends show FY revenue decline -14.02% with negative operating cash flow per share -0.00078, underscoring ongoing cash strain.
Technical and liquidity signals
Price sits at A$0.001 with a 50-day average of A$0.002 and 200-day average of A$0.016. RSI near 36.61 suggests oversold conditions, while relative volume at 12.46 highlights abnormal flow. Low float and a small market cap mean single trades can swing the price sharply.
Meyka AI rates 1TT.AX with a score out of 100
Meyka AI rates 1TT.AX with a score of 67.01 out of 100 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Risks, catalysts and sector context
Primary risks: continued cash burn, tiny free cash flow yield -19.87%, and weak profitability metrics. Potential catalysts include contract wins for the WooBoard SaaS product or a capital raise. Technology sector peers show stronger liquidity and higher valuation multiples, leaving 1TT.AX at a valuation discount but higher risk.
Trading outlook and 1TT.AX stock forecast
Meyka AI’s forecast model projects A$0.010 over the next quarter. Versus the current A$0.001, that implies an implied upside of 900.00%, though model forecasts are not guarantees. Traders should expect high volatility and confirm any position with volume and corporate updates.
Final Thoughts
Thrive Tribe Technologies (1TT.AX) is in a high-risk position after a 33.33% pre-market fall to A$0.001 on very heavy volume. Fundamentals show negative EPS -0.05, a thin cash buffer, and operating cash flow per share -0.00078, which raise short-term financing risk. Meyka AI’s internal grade of 67.01/100 (B, HOLD) balances the company’s platform potential against cash and profitability headwinds. Meyka AI’s forecast model projects A$0.010 in the next quarter, implying +900.00% versus today’s price, but forecasts are model-based projections and not guarantees. For ASX traders, the immediate outlook is dominated by liquidity and execution risk; any interest should be matched with strict position sizing and confirmation from new contracts or a capital strengthening event. For more live updates see the company compare page and our Meyka stock profile.
FAQs
What caused the sharp drop in 1TT.AX stock?
The pre-market drop to A$0.001 reflects heavy selling and thin liquidity. Large volume at 101,232,720 shares and weak fundamentals drove the move, along with persistent negative EPS and low cash buffers.
What is Meyka AI’s short-term forecast for 1TT.AX stock?
Meyka AI’s model projects A$0.010 over the next quarter. That compares to the current A$0.001 and implies a theoretical upside of 900.00%. Forecasts are model-based and not guarantees.
Is 1TT.AX stock a buy after the fall?
Meyka AI gives a B (HOLD) grade. Given the negative cash flow and low current ratio, a buy decision should wait for clearer financing or revenue signs and improved liquidity.
Where can I check live data and comparisons for 1TT.AX?
Use market data providers and the company compare page for live flows. See the Investing.com compare page for ASX peers and the Meyka stock profile for real-time analytics and alerts.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
