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Is it too late to buy the Pointsbet share price? – Motley Fool Australia
The Pointsbet Holdings Ltd (ASX: PBH) share price rocketed 86.7% higher on Friday. Is the ASX betting share still in the buy zone?
The Pointsbet Holdings Ltd (ASX: PBH) share price is on fire right now. In fact, shares in the Aussie wagering group rocketed an astonishing 86.7% higher on Friday.
Why did the Pointsbet share price rocket higher?
The major trigger was Pointsbet’s full-year results announcement on Friday morning.
Total revenue for the wagering group rocketed 194% higher to $75.2 million in a breakout year.
Pointsbet reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $6.9 millio…
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