Since when does the stock market move according to actual company valuations? There's this thing called public sentiment that can move a stock too.
The same was said about Tesla, for instance. "No way it can sustain this rapid growth in share price! They're just not SELLING enough cars to do that!" This was at $120/share. Apparently it all worked out pretty well for those invested because it was $235 less than a year later and is still trading above $200.
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