Of course I understand the concept of price to sales what you don't understand is this is not a tech stock it's a Financial stock and the market will value it accordingly once it has washed out all the FOMO millennials.
Even at $1.50 it's valued at $1 billion dollars on a fully diluted basis
Financial stocks need to be making $100 million NPAT to justify that and it faces years of losses before break even.
You saw my posts I was long from $5.80 because I though it would go to $7 and went short at $6.98 but also had an order in at $7.10 that did not get filled
Chart - Z1P, page-49
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 (20min delay)
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Last
$1.25 |
Change
0.015(1.21%) |
Mkt cap ! $1.367B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.22 | $9.222M | 7.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1495 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 485884 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
0.015 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.26 | $1.22 | 1338872 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| ZIP (ASX) Chart |