CTT.AX stock plunged 27.78% pre-market on 28 Feb 2026, falling to A$0.325 after heavy selling and a volume spike. The ASX-listed Cettire Limited (CTT.AX) opened at A$0.33 versus a previous close of A$0.45 and traded between A$0.31 and A$0.34 in early trade. Volume hit 5,343,415 shares, well above the 50-day average, signalling high liquidity and aggressive exits in the consumer cyclical luxury retail name on the ASX in Australia.

CTT.AX stock: pre-market selloff and price action

The immediate move shows Cettire Limited (CTT.AX) down to A$0.325, a -27.78% change from the prior close of A$0.45. Intraday support sits at the day low A$0.31 and the year low at A$0.25, while the year high remains A$1.26. Heavy trade of 5,343,415 shares versus average volume 2,263,795 confirms the selloff is broad-based rather than a thin-market blip.

Drivers behind the drop and latest news

No single public catalyst was confirmed at release; aggregate company metrics and recent weak growth trends likely amplified selling pressure. Market commentary and live quotes flagged the move on trading portals including Investing.com. Sector weakness in Consumer Cyclical (YTD -4.59%) and stretched valuation perceptions for luxury e‑tailers added to the momentum.

Technical picture and liquidity for CTT.AX stock

Technically CTT.AX looks oversold: RSI 23.12, CCI -172.95, and Williams %R -95.83; ADX 53.80 shows a strong trend. Price trades below the 50-day A$0.72 and 200-day A$0.55 averages. On-balance volume is negative and relative volume is 5.41, indicating outsized flows and short-term volatility.

Fundamentals and valuation snapshot

Cettire reports EPS -0.01 and a reported PE around -33.50, reflecting current losses. Key ratios: price-to-sales 0.17, price-to-book 3.55, current ratio 0.67, and cash per share A$0.10. Revenue per share is A$1.96, gross margin about 14.74%, but operating cash flow per share is negative A$-0.07, underscoring cash conversion pressure.

Meyka AI rates CTT.AX with a score out of 100 and analyst context

Meyka AI rates CTT.AX with a score out of 100: 59.76 (Grade C+) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The company rating database shows a broader third-party rating of C / Sell dated 2026-02-26, reflecting mixed valuation signals and weak profitability metrics.

Risks and short-term outlook for CTT.AX stock

Near-term risk includes further margin pressure, low current ratio 0.67, and limited operating cash flow, which could deepen weakness if consumer demand slows. Absence of a price target consensus and an earnings announcement scheduled for 2026-08-31 raise uncertainty. Short-covering or sector strength would be required to stabilise price above A$0.55.

Final Thoughts

CTT.AX stock opened pre-market sharply lower on 28 Feb 2026 to A$0.325, driven by heavy volume and stretched fundamentals. Technicals show oversold momentum (RSI 23.12, ADX 53.80) and immediate support near A$0.31; key resistance zones are the 50-day at A$0.72 and 200-day at A$0.55. Meyka AI’s forecast model projects a monthly level of A$0.03, which compared to the current price A$0.325 implies an implied downside of -90.77%; forecasts are model-based projections and not guarantees. For active traders a pragmatic near-term strategy is to watch for volume contraction and a reclaim of A$0.40 before considering re-entry. For longer-term investors, a recovery scenario to A$0.50 would imply +53.85% from today, but that requires improved cash flow, margin recovery, and clearer guidance from management. Use tight risk controls given the stock’s volatility and confirm signals before adding exposure. Meyka AI provides this as data-driven market analysis, not personal financial advice.

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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.