The market is completely irrational with these transformational stories at the moment. Creates massive opportunities. I mean in Aug 22, Task guided up for FY23 to $56m revenue and $3.7m EBITDA. The stock traded up to sit around 40c and higher. Fast forward, guidance $65m revenue and $12m EBITDA. But the shares are lower.
I posted something similar to this with Smartpay. People said, but the market's changed, the market doesn't like tech stocks now - something like that anyway. Everyone likes to justify today's price. It's clearly nuts though - just technical sellers who bought at lower levels and don't follow or understand the story. Smartpay doubled soon after that. I think there's a good chance of that here as well.
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