Sure, but what do you care about? The number of facebook likes or the share price?
I've had similar discussion on APT, and even started a thread querying its ridiculous valuation when it was about $36. It has since lost more than 20% of that.
I see the same trend playing out here. This SP got way ahead of itself and FOMO has now been exhausted, so the SP will now - IMHO - converge back to its longer-term estimate of fair value. Given that they are yet to turn a profit and are facing increasing competition, I would be extremely surprised if fair value placed this company at more than a $1 billion market cap.
Ann: Quarterly Report, page-374
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Last
$2.72 |
Change
0.020(0.74%) |
Mkt cap ! $3.551B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.74 | $2.61 | $24.57M | 9.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14000 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 80225 | 7 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |