AUK.AX AuMake Limited (ASX) falls 33% intraday 24 Feb 2026: key risks and next levels
AUK.AX stock plunged 33.33% intraday on the ASX on 24 Feb 2026, trading at A$0.002 after opening at A$0.002 and volume of 712150.00 shares. The move makes AuMake Limited (AUK.AX) one of today’s top losers as traders reacted to thin liquidity and continued negative fundamentals. We use Meyka AI’s real-time data to link the price drop to weak earnings metrics, low average price and a looming earnings release on 26 Feb 2026.
Intraday price action: AUK.AX stock drivers
AuMake Limited (AUK.AX) hit A$0.002 intraday, down -33.33% from a previous close of A$0.003 and trading in a narrow day range of A$0.002–A$0.002. Volume reached 712150.00, below the 50‑day average of 837018.00, signalling thin market liquidity. The immediate driver appears to be position squeezes and negative sentiment into the company’s upcoming earnings announcement on 26 Feb 2026.
Fundamentals and valuation: what the numbers show
Key fundamentals remain weak: market cap A$5318834.00, EPS -0.01, and a negative PE reported as -0.20. Price to sales is low at 0.13, but return metrics are poor with ROE -1.03 and net profit margin -8.58%. These ratios explain why investors treat AUK.AX stock as high risk rather than value play in the Consumer Cyclical sector.
Meyka grade and analyst context for AUK.AX stock
Meyka AI rates AUK.AX with a score of 60.31 out of 100 (Grade B, HOLD). This grade factors S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus. The broader company rating outside Meyka shows a firm’s score of C- and a strong sell recommendation on 23 Feb 2026, highlighting divergent views. These mixed evaluations reflect small market cap volatility and fragile earnings.
Technical setup and liquidity signals for traders
Technicals show low conviction: RSI 42.88 and ADX 37.77 indicating a strong trend but limited momentum. Price averages sit at 50‑day A$0.00249 and 200‑day A$0.00280, both above today’s trade, which signals near-term weakness. On‑book volume (OBV) is negative and average daily volume suggests narrow trading windows for AUK.AX stock.
Risks, catalysts and sector context for AUK.AX stock
Major risks include continued losses (EPS negative), low free cash flow per share, and the small market cap of A$5318834.00 which magnifies share price swings. Catalysts to monitor: the earnings announcement on 26 Feb 2026, any management commentary on margins or inventory, and Consumer Cyclical sector moves. Sector liquidity is healthier than AUK’s, so sector rebounds may not lift AUK.AX stock without company-specific news.
Trading levels and practical price targets
Short-term support sits at A$0.002 with resistance at the 50‑day average A$0.00249 and the year high of A$0.005. A conservative near-term price target for recovery traders is A$0.005, while downside traders should note Meyka AI’s lower forecast (see conclusion). Given thin liquidity, position sizing and stop orders are essential when trading AUK.AX stock.
Final Thoughts
Key takeaways: AUK.AX stock is trading at A$0.002 on the ASX after a -33.33% intraday fall on 24 Feb 2026. Fundamentals are weak — EPS -0.01, PE negative and market cap A$5318834.00 — and technicals show limited momentum with low liquidity. Meyka AI’s proprietary grade (B, HOLD) reflects a mix of small-cap risk and some operational resilience in revenues. Meyka AI’s forecast model projects a yearly price near A$0.00029, implying an approximate -85.42% move versus today’s price; forecasts are model-based projections and not guarantees. Traders should treat AUK.AX stock as volatile and news‑sensitive, size positions conservatively and watch the earnings release on 26 Feb 2026 for directional clarity.
FAQs
Why did AUK.AX stock drop 33% intraday?
The intraday drop to A$0.002 stemmed from thin liquidity, negative sentiment ahead of the 26 Feb 2026 earnings, and weak fundamentals including EPS -0.01. Low market cap amplifies price moves.
What is the Meyka grade for AUK.AX?
Meyka AI rates AUK.AX with a score of 60.31 out of 100 (Grade B, HOLD). The grade weights sector and benchmark comparisons, growth, key metrics and analyst views.
What are sensible price targets for AUK.AX stock?
Near-term resistance lies at A$0.00249 (50‑day average) and year high A$0.005. Meyka AI’s model projects A$0.00029 yearly. Targets depend on earnings and liquidity, so risks remain high.
When is the next earnings update for AUK.AX?
AuMake Limited is scheduled to announce earnings on 26 Feb 2026. That release is the main near-term catalyst for AUK.AX stock and may drive further volatility.
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.