Ok reading through the report, it is certainly optimistic but not irrational. Theyve modelled it off an anticipated $70m in revenue and $30m in profit by 2027, using a P/S ratio up around 25:1 as opposed to its current 2:1, which is deemed a fair ratio compared to its peers.
But it also says the industry average is around 13:1, so maybe a not unrealistic valuation would be around $3
Of course these valuations make no allowance for further dilution.
Add to My Watchlist
What is My Watchlist?
