Home > Boards > US Listed > Computers - Software > Sonasoft Corp. (SSFT)

Previous high was .49 (see additional

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
rbirdy Member Profile
Followed By 1
Posts 34
Boards Moderated 0
Alias Born 08/31/20
160x600 placeholder
rbirdy   Friday, 09/25/20 11:58:12 AM
Re: None
Post # of 14796 
Previous high was .49 (see additional details below)

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!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences