Why did RDY.AX stock fall pre-market on 28 Feb 2026?

RDY.AX stock dropped after ReadyTech missed revenue forecasts in its 1H FY26 results and cited a transition that slowed sales. The revenue miss, higher volume, and weaker guidance triggered the sell-off.

What are the key valuation metrics for RDY.AX stock?

RDY.AX stock trades at **A$1.26** with market cap **A$150.13M**, PE **-9.35**, price-to-sales **1.23**, and price-to-book **1.06**, reflecting negative earnings but positive cash flow yields.

What does Meyka AI forecast for RDY.AX stock?

Meyka AI's forecast model projects a monthly target **A$1.06** (down ~15.87%) and a quarterly target **A$1.46** (up ~15.87%) from the current **A$1.26**. These are model-based projections and not guarantees.

Is RDY.AX stock a buy after the drop?

Meyka AI currently grades RDY.AX **B+ (BUY)** factoring growth, cash flow and sector comparisons, but also flags revenue risk. Investors should perform their own due diligence before trading.

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RDY.AX ReadyTech (ASX) down 27% pre-market Feb 2026: earnings miss raises red flags

ByDanny Kontos February 27, 2026February 27, 2026

RDY.AX stock plunged 27.17% pre-market to A$1.26 on 28 Feb 2026 after ReadyTech Holdings Limited (ASX) reported a revenue miss in its 1H FY26 presentation. The move followed a 1D change of -29.77% and a spike in volume to 140,616 shares versus average daily volume 41,511, signalling heavy selling interest. Investors are pricing the miss against a negative EPS of -0.13 and a trailing PE of -9.35. We examine the drivers behind the drop, valuation metrics, technical signals, and what Meyka AI’s model now projects for RDY.AX stock