53MEDIUM

ESK

ETHERSTACK CDI 1:1 [ESK]
Etherstack plc, a wireless technology company, engages in the development, manufacture, licensing, and sale of mission critical radio technologies to equipment manufacturers and network operators in the United Kingdom, the United States, Japan, and Australia. The company's technology enables push-to-talk communications; and advanced digital land mobile radio (LMR) and cellular and satellite networks. It offers a range of cryptographic solutions, including P25 security suite, which unites AES/DES P25 encryption engine with P25 key fill device support for complete P25 subscriber encryption; P25 key management facility; P25 security dongles; and FIPS 140-2 cryptographic module, a single-board security device that implements APCO P25 encryption, decryption, and key management and storage services in conformance with FIPS140-2 standards. It also designs, develops, supplies, and licenses wireless air interface protocol stacks for third-party defence and critical communications radio manufacturers. In addition, the company offers LTE interworking function for LMR; LMR protocol stacks; and LMR voice and data systems. Further, it provides tactical and satellite solutions, such as P25 tactical repeater, which is a compact, battery-powered, and rapidly deployable analog for stand-alone or network augmentation use; and IVX, a small form factor push-to-talk over IP radio for encrypted voice and data communications. The company serves carrier, defense, public safety, utilities, and resource sectors. The company was formerly known as MM&S (5698) plc and changed its name to Etherstack plc in May 2012. Etherstack plc was founded in 2002 and is based in Chippendale, Australia.
Technology · ASX Small Cap
$0.5700 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical56
Catalyst53
Sentiment50
Fundamental86
Momentum72
Risk Gate45
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Golden cross just fired — the short-term trend is overtaking the long-term, which is classically bullish
  • Volume surging at 2.0x normal while price falls — heavy selling pressure
  • Beating the Small Ords index — relative strength of 1.12, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Moderate P/S ratio (7.7x)
  • Strong revenue growth (+50%)
  • EPS estimates revised upward (+10pts)
  • Small-cap ($20-100M)
  • CANSLIM S: Tight float (44%)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 30% over the past year
  • Revenue growing at +50% — the top line is moving in the right direction
  • The bigger volume days are the up days — volume-weighted momentum is positive (1.19%/day)
  • Beneish M-Score -2.04 (grey zone -2.22 to -1.78): possible earnings manipulation
  • RBA hiking (-3pts)

Risk Signals

  • Stochastic turning bearish from a high level — caution
  • Negative profit margins (-7%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-2pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Appendix 4G
NONE UK project revenue increase
NONE Notice under section 708A of the Corporations Act
LOW Annual Report to shareholders

Recent ASX Announcements

2026-03-24 Appendix 4G
2026-03-24 Annual Report to shareholders
2026-03-23 UK project revenue increase PRICE SENSITIVE
2026-03-18 Notice under section 708A of the Corporations Act
2026-03-18 Application for quotation of securities - ESK

Key Metrics

$77.9M
Market Cap
43K
Avg Volume
2.0x
Vol Ratio
$0.23 — $0.82
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-9.1%
ROE
-6.9%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 44%
LLeader vs LaggardneutralRS: 1
IInstitutional SponsorshipweakInst: 2%
MMarket DirectionneutralNeutral

Sector: Technology

Ranked #13 of 97 · Sector avg: 46

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