Is anyone still hanging onto this stock? I'm wondering why the price has gone down (especially during an up day) and with no sensitive news.

I heard about it from one of the call podcasts (Auzbiz website) last week when they were discussing PNV. I suggest you listen to the podcast and get the name of the analyst who discussed it and drop them an email. I would be interested myself when you find out. 

Avita in its old form also increased its share price 650% between 1 Jan 2019 and its peak on 14 Feb 2020. Profit taking, the recent disappointing quarterly update, no further positive news, move to the NASDAQ, the fall in 'similar' stocks like PNV and the rumour of entry from an NZ competitor to the ASX (although the new entrant is more a competitor of PNV) all contributing to negative sentiment atm.  Personally I think there is more downside to come until it finds a base. I am looking to average down (I hold with an average of 0.47 in the old price which is current around 0.31) but not yet.

Hi umop3pisdn, as Admin says below - that was entirely due to the consolidation which resulted from AVH moving from FPO (fully paid ordinary) shares to CDIs that are based on the AVH primary listing on the NASDAQ now (in the USA), and the associated SP (share price) rise (the AVH SP rose by a factor of 20 times, although they are no longer technically shares, they are CHESS Depositary Interests - known as CDIs - but we generally refer to everything that is listed on the ASX as shares - as a general term), which temporarily made it look like the weighting of AVH in the Strawman community had risen by twenty times.  That has all been fixed now.  If you click here, you will see that - as of right now (11:48am Eastern time), no Strawman member has added AVH to their portfolio for two months.  In fact there has been no AVH trading activity at all here for two months (buys or sells).  Plenty of discussion, but no trading, so the move you refer to was just an aberation due to the consolidation of the shares - where there are now 95% less shares on issue here - and they are now CDIs not shares - and their individual value has risen aprox. 20 times.  As explained further below, the total dollar value of each holder's AVH position remains roughly the same but they just hold a lower number of CDIs (than the shares they held before) and the value of each is now greater, but it all works out roughly the same.