It’s very hard to say, because there are so many variables to a market valuation but typically a $1 billion market cap can easily be hit by tech stocks that a) are growing reasonably fast and b) threatening to crack a good earnings number & grow it.
I don’t necessarily think that 3DP needs to hit a specific number in ACV or earnings per se to hit the $1 share price. It’s all about showing buyers (especially instos) that the growth is strong, the numbers are climbing fast, margins are great and costs are being contained. It’s all about building the investment thesis for these types of buyers to the point that they don’t want to miss the opportunity.
Current market cap is around $250 mill so a multiple of three is $750 mill and with the strong growth and big margins that 3DP has demonstrated so far I honestly think this can and will be achieved in due course.
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Last
6.5¢ |
Change
-0.002(2.99%) |
Mkt cap ! $52.32M |
Open | High | Low | Value | Volume |
6.5¢ | 6.7¢ | 6.5¢ | $9.618K | 146.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 141231 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 142331 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 141231 | 0.066 |
1 | 44400 | 0.065 |
4 | 237792 | 0.064 |
2 | 58333 | 0.063 |
2 | 70000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 142331 | 2 |
0.068 | 163173 | 4 |
0.069 | 255000 | 2 |
0.070 | 795072 | 6 |
0.071 | 110000 | 2 |
Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
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