If we assume that current financial year revenue will be 400 million AUD and apply 1.8 times multiple of revenue as market cap then stock price comes to approx 10 dollars. If we multiply by higher side of the multiple which is 7 then stock price comes to 40 dollars. Annual numbers announcement ,NPAT in Aug 2024 and future guidance will decide WHAT REVENUE MULTIPLE MARKET WANTS TO PUT ON MYX SHARE AND where stock price is heading in this range of 10 to 40 dollars or lower if we see a disaster in revenue ,growth and cash burn. Place your bets accordingly while managing your risk as always. I have missed a lot on capital growth as well as time , so i am staying in hoping that the current blip is a short term hiccup and it will smooth out in coming months and uptrend in MYX stock will resume. No guarantees in the market though as you learn with time.
MYX Price at posting:
$6.37 Sentiment: Buy Disclosure: Held
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