Why The Eroad Share Price Is Falling Today (ASX: ERD)
Eroad (ASX: ERD) has become a very popular stock as the Eroad share price rose from $1.40 to $2.56 at the close yesterday. But this morning it reminded a leopard doesn’t change its spots.
EROAD Limited (ASX: ERD) is a New Zealand-based technology company specialising in fleet management, regulatory compliance, and road user charging solutions.
Founded in 2000 and headquartered in Auckland, EROAD offers a fully integrated platform combining in-vehicle hardware with cloud-based software to deliver real-time data and analytics for commercial transport operators. The company’s product suite includes electronic on-board units, video telematics, asset tracking, and software-as-a-service (SaaS) applications designed to enhance safety, efficiency, and compliance. EROAD serves clients across New Zealand, Australia, and North America, catering to industries such as construction, logistics, food and beverage, and waste management.
EROAD listed on the New Zealand stock exchange in 2014 and on the ASX in September 2020, expanding its presence in the Australasian market.
Eroad (ASX: ERD) has become a very popular stock as the Eroad share price rose from $1.40 to $2.56 at the close yesterday. But this morning it reminded a leopard doesn’t change its spots.
A big focus on ASX Small-Cap stocks in this episode, with discussion of Acusensus (ASX: ACE), Eroad (ASX: ERD), Motio (ASX: MXO), and KipMcGrath (ASX: KME), among others.
Eroad (ASX: ERD) has hurt shareholders before, but evidence of a turnaround is mounting.
I made a very bad investing mistake in 2022. By beating myself up for it, I hope not to lose the lesson.
Eroad (ASX: ERD) is a good business but management is too optimistic about underlying business conditions improving, in my opinion.
The thesis is certainly off track but it’s much better to think things through slowly, than panic.
Eroad (ASX: ERD) had a decent quarter but continues to blame the pandemic for tough operating conditions, undermining confidence in management.
Eroad has excellent growth prospects and trades at an attractive valuation, but its actual growth is disappointing, and my confidence in management is reduced.
Eroad continues to grow but at a slower rate than it had thought…
Eroad has more success in New Zealand than the USA, but acquiring Coretex may well be the best move to drive international growth faster.
Eroad’s FY2021 results showed weak half-on-half revenue growth, but there are signs of an exciting future.
AVA Risk, Eroad and Audinate are all ASX small caps worth following, given their long term business growth.
This makes the claimed “remaining short to medium term enterprise pipeline of some 15-20,000 connected vehicles,” in Australia seem more achievable than ever.
This was a weak quarter, but the long term story hasn’t really changed…
Software ✓
Reasonable multiple ✓
Reasonably under the radar ✓
Reason to believe in long term tailwinds ✓
Eroad’s half year was a grey cloud with silver linings…
The Eroad (ASX: ERD) share price is trading below peers. Is this fast growing tech stock with a global market still under the radar?