Its not just a matter of looking at historical growth. ZAGG's growth last year was largely predicated on getting into 2 big boxes plus some significant product releases. Now that they are starting from a higher base they need to do even more this year.
To keep that revenue growth rate up they likely have to get into 4 new big boxes this year plus see significant additional new traction on the website plus kiosk growth, new product growth etc. My opinion is they will be lucky to see the dollar growth they saw last year and seeing similar percentage growth is somewhere between speculation and fantasy.
I don't see it as cheap under the circumstances but so far the market seems to be rolling it ever higher. The valuation here is nothing special at these levels and I can see a whole lot of microcaps that look cheaper. It may get to 4 before the run loses steam but I expect to see it closer to 1 than 2 sometime in the next 6 months.
News 
Market Data 
Discover 
AI
