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Saturday, April 29, 2017 1:36:48 PM
...the NAZ appears kinder to Beverage Stocks than the OTC.
$CELH has a ~$150M market cap today.
Average TTM P/S Ratio on OTC = 3.39
Average TTM P/S Ratio on NAZ = 4.82
But make no mistake though, the day before the uplist is an excellent exit point / short play depending on what you want to do. I base this on LTEA and NBEV's recent uplists. LTEA had a $30M market cap based on $1.5M in sales (yes, a 20 P-S multiplier). I shorted it. Meh success though. It's market cap today is $37M. Share price is about half of what it was previously, IIRC.
$nBEV had 22.7M shares outstanding, a $5.34 share price, and a ~$120M market cap. Today, it's got 35M shares, a $3.75 share price (trending down), and a $130M market cap. I hedged. It worked better than I wanted.
The professional traders on the NAZ didn't savage these stocks. The market caps remained stable. The dilution does that all by itself.
Recent CELH News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
