Of course I understand the concept of price to sales what you don't understand is this is not a tech stock it's a Financial stock and the market will value it accordingly once it has washed out all the FOMO millennials.
Even at $1.50 it's valued at $1 billion dollars on a fully diluted basis
Financial stocks need to be making $100 million NPAT to justify that and it faces years of losses before break even.
You saw my posts I was long from $5.80 because I though it would go to $7 and went short at $6.98 but also had an order in at $7.10 that did not get filled
Chart - Z1P, page-49
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Last
$1.35 |
Change
-0.010(0.74%) |
Mkt cap ! $1.520B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.42 | $1.34 | $10.67M | 7.775M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19271 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 5212 | 3 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |