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
$1.29 |
Change
0.028(2.18%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.31 | $1.24 | $8.592M | 6.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 181178 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 79156 | 69 |
View Market Depth
| Last trade - 15.06pm 21/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.028 ( 2.07 %) |
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| Open | High | Low | Volume | ||
| $1.27 | $1.31 | $1.24 | 2731857 | ||
| Last updated 15.21pm 21/05/2024 ? | |||||
| ZIP (ASX) Chart |