Over the past year Xref shares have grown 47.22%. So at it’s current share price, are XREF shares still a good buy?

About XREF Shares

Xref Limited (XF1.ASX) is a developing human resources technology that automates the candidate reference process for employers. XF1 does Reference Checking, Background & ID Checks, Reference Templates, Talent Sourcing, Analytics & Insights and Security and Compliance.

COVID

At the beginning of the year Xref shares recovered from the post COVID crash. Today the XREF share price is $0.26, which is in the middle of its 52-week range of $0.125-0.4.

Investor Sentiment

There is currently a bearish sentiment on the Xref share price, from our survey 

Financials

Last month Xref released its quarterly statement this was titled “Xref revenue up 36% while costs remain flat“. Here’s the highlights:

• Revenue: $3 Million- up 36%
• Sales: $4 Million- up 62%
• Cash Recepits from Sales: $3.5 Million- up 46%
• Cash Expenses: $2.5 Million- down 17%
• Cash Balance: $6.24 Million

From this we can see that the trajectory may be starting to change for XRef. With Record Revenues.

As Hiring rates around the world are likely to start increasing again and as a second order employers needing to perform reference checks should also see XRef Increasing revenues.

Thanks for reading my Highlight!

Prophet's Full Article: https://prophet-invest.com/should-i-buy-xref-shares