The competition continues to increase.
Will BRN be able to generate enough earnings to justify its $840,000,000 market cap? Given it currently generates no meaningful revenue and operates in a very competitive sector, it will not be easy. In my view, the BRN share price has been inflated as a result of naïve retail investors blindly believing all the frenzied ramping on social media and stock market forums that this is an almost guaranteed ticket to untold wealth.
Here is BRN competitor SynSense. You will notice those willing to fund them have quite a different modus operandi from those who have been willing to fund BRN up to this point. Why do people think this is the case?
https://www.synsense.ai/synsense-closes-strategic-round-to-accelerate-the-development-of-their-high-speed-3d-neuromorphic-processor-dynap-cnn2/
The competition continues to increase.Will BRN be able to...
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $552.2M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 27.5¢ | $6.297M | 22.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 1370975 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 1073647 | 14 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |