$6 still looks a safe bet from here short to medium term imho. Taken from *********:
In FY2019, MWR is forecasted to achieve revenues of near $5 million ($2 million+ from each of the schools communication and the wearables divisions) and be profitable, so what would be a fair market cap for a high growth company? Anything close to Nuheara’s market cap equates to over $6/share.It’s no surprise then that after a ridiculous drop in July the share price has come roaring back testing new highs at $2.50. MWR has not only transitioned into a high growth business but it has also transitioned the SPACETALK watch from a development story into now a distribution story.
Manufacturing risk comes with the former and sales risk comes with the latter, but given the success so far and that it is a product that every responsible parent and carer understands I think this risk is low.MWR has less than 12 million shares on issue so each $1 rally in the share price only adds $12 million in market cap so when looking at the chart below, the record high of $6.18 equates to $73 million market cap – nothing outrageous – but it will seem that when looking at the gains in the stock. MWR just happened to be an unknown, unloved child. That makes the gains in the share price even greater as it moves from extremely undervalued and at some point in the future to fair value and hopefully even overvalue.
http://www.*********.com.au/2018/08/31/mgm-wireless-transforming-into-high-growth-world-leader/
