Motley fool overestimated it's market cap and underestimated DCCs returns. They over looked the fact that a majority share of this market cap is in escrow by BGL, who are very unlikely to sell their shares given that they bought them in the first place to have a strategic voting control of DCCs activities. And also, how is it fair to exclude cryptocurrency payments from DCCs earnings, when a majority of the companies operations involve acquiring newly raised cryptos as payment......I really hope that investors dont let these publishers lack of recognition for cryptocurrencies as assets scare them away, the circulating supply isn't as high as the market cap suggests and DCCs earnings are alot higher than the quartley report suggests, they just haven't cashed in their cryptos yet.
TLDR: a buying frenzy at high prices doesn't always mean a stock is overbought or overvalued. the recent surge in volume does suggest these are the prices most sellers were willing to part with their shares so its pretty possible that buyers had just undervalued the stock for a really long time. Hopefully we do see some consolidation soon, for stabilities sake, but don't expect to get a decent holding with stingy buy bids. There are only 4M shares on offer: people are in no rush to part with their shares.
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Last
5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $43.32M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 5.0¢ | $20.05K | 393.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 715439 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 432022 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 715439 | 0.050 |
5 | 354400 | 0.049 |
7 | 751960 | 0.048 |
8 | 381656 | 0.047 |
9 | 437864 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 432022 | 1 |
0.052 | 94000 | 1 |
0.053 | 50000 | 1 |
0.054 | 358440 | 3 |
0.055 | 51930 | 1 |
Last trade - 15.51pm 30/05/2024 (20 minute delay) ? |
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|||||
Last
5.1¢ |
  |
Change
-0.001 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
5.0¢ | 5.1¢ | 5.0¢ | 266162 | ||
Last updated 15.45pm 30/05/2024 ? |
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