It's misinterpretations like this that confuse the down rampers.
ARM revenue for last quarter was $716 million USD. Approx $1.12 billion AUD.
I'm no mathematician but $1.12 billion x 4 is a lot higher than $2 billion. It's $4.48 billion annually if your abacus isn't handy.
Tech companies can trade at 30 to 40 times their earnings. At 30x, we would only need $300 million in revenue to justify a $9 billion dollar market cap.
2022 BRN Discussion, page-9686
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $343.4M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.5¢ | 16.5¢ | $1.865M | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1001708 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 167790 | 3 |
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