There are a couple important corrections/clarifications that should be considered before doing that:
"I saw where the CEO stated within an interview that they are expected to make at least $8,000,000 in Revenues this calendar year with a gross margin of 52%" This is the original quote, from your link: "We estimate on a conservative basis that the Fiscal year revenues to be approximately 8 million, with a gross margin of approximately 52%."
The distinction between calendar and fiscal years is important. The company's fiscal year ends on July 31. Also, the CEO's quote implies to me that the revenues for the year ended THIS July will be 8 million, but he could have meant the year ended NEXT July. What do you think? Is the point clear enough to sticky?
The post then shows the following: "$8,000,000 x .52 = $4,160,000 in EBITDA" Implying that the terms "gross margin" and "EBITDA" mean the same thing, which they don't.......by a long shot. All of the day-to-day operating expenses of the company need to be deducted from the gross margin to calculate EBITDA.
Even if we had a proper projection of EBITDA it would not provide the proper earnings per share number from which to extrapolate a price per share by multiplying it by an earnings multiple (if one could be agreed upon). The amount by which a P/E should be multiplied to reach a projected share price is net earnings per share (AFTER interest, taxes, depreciation and amortization), not EB(before)ITDA.