Friday, September 25, 2020 11:58:12 AM
The reason why it dropped so much is anyones speculation since there hasn't been any negative news. In fact, revenue continues to grow at substantial rates (44% Y/Y growth). A fair market value should be roughly .50+ today.
However, if you apply similar valuation multiples of other tech companies (roughly 100x revenues), then the stock would be roughly $5. Math is simple, take revenue ($15m x 100 = $1.5b market cap). Then take $1.5b market cap and divide by current market cap of roughly $30m and you get a 50x potential growth. So take today's share price of .10 multiple it by 50 and you get $5.
If you want to take a much further conversation approach, do the same with a 30x multiple and you'd still get a share price of $1.5
This right here is why I continue to accumulate shares as I approach 1m total. I am so confident in this stock and company and I'm putting my money behind my word. I'm in the industry and know how much these companies should be trading at..
Happy investing!
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