This is not a dead cat bounce. This is a breakout from the all-time high. The stock is worth at least $4, which is equivalent to a P/S ratio of 1.25, a valuation in the middle of REED and JSDA which are on unprofitable companies. Eventually, NBEV will attain a P/S ratio of 3 given Bucha growth of 40%.
$4.00? $100mm valuation? "Largest xyz beverage company soon?" Keep dreaming. The latest uptIck is already showing signs of losing steam and will soon settle down in the $1.75 range, again,
Is this still a part of our "dead-cat bounce" as you called it?