Good comments in your earlier post at 10.37 am this morning about earnings per share and multiples. i.e. EPS year ending 2025 forecast at 25 cents x multiple 25 = forecast share price $6.25. Think the share price will settle at $6.25 in the short term. As you suggest share price might get up to a multiple of 30 X .25 = $7.50 if investors provide for the potential upside of having 1 billion in the bank.
No doubt our friends running algos will program in a lower limit of say $6.25 and a upper limit of $7.50. And range trade (pump / dump).
Think a2 is operating well but from a hard nosed investor point of view the 2024 EPS of 23 cents is simply not good enough.
I will have to hold and hope for a EPS positive acquisition.
A2M Price at posting:
$5.75 Sentiment: Hold Disclosure: Held
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