Just started buying DHAI warrants the past few days for a longer term hold. The stock is trading at 0.71 price to sales ratio with 17% yoy growth in revenue and basically no debt. Growth has increased from previous year as well. Warrants have strike price of $11.50 and exp Apr 2028. Currently holding 24,000 warrants. I think 4x price to sales is more than fair and that would put the share price at $9.50 with the current sales and share structure. There will likely be some dilution but it’s been minimal in the past. Seems undervalued to me.