Nice post fattchoi!
Just to add on your info, prior to comms for drones, Elsight was hoping to work it's way into the autonomous vehicle sector as a result of its secure video etc. I would say initial irrational exuberance was a contributing factor to the price rising above $1.40. I believe when the company announced it was concentrating on the Drone Industry , the share price fell away as investors saw the autonomous vehicle sector as the potential cash cow at the time. In the absence of becoming cash flow positive, the price kept falling to where it is now (irrespective of increasing revenue).
All in my opinion!
Welcome to Rorbag as an ELS investor
Cheers
Nice post fattchoi!Just to add on your info, prior to comms for...
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Last
52.0¢ |
Change
-0.030(5.45%) |
Mkt cap ! $78.54M | |||
| Open | High | Low | Value | Volume |
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