In a mere month, and with no fundamental information, Tinybeans is almost twice the price and half the value.
One thing that has been bothering me is the trend in registered users. When viewed as raw statistics the chart shows a very consistent upward momentum (these data come from various company reports, not necessarily quarterly) :
But if we convert these registered users to: users added per day (since last update), the picture changes a bit:
In this second chart we can see that roughly 2700 users were added per day (on average) in the latter half of calendar 2018. This number has dropped to 1630 per day on average in the June quarter this year. It looks even worse if you look at it on a % of existing users basis in each reporting period. The % of existing users has been declining since 2016 (chart 3):
Growth in chart 3 appears to be linear, not compounding, which is the opposite of what you might expect if a product is gaining traction. My interpretation is that registered users need to be at least 3.7M at the next quarterly update to put the % of added users back into the 0.1%/day range. More are needed to give some upward momentum to user growth.
I have no idea what has pushed the share price from circa $1 to $1.90 in barely a month. But if there is a fundamental reason one must question the capital raising at $1. Did the company miss-read their own valuation by this much?
