Hi @Goldrocks
Others have answered above but I think the easiest way to explain it is ignore your SP and think about Market Cap (MC).
It is much easier for a company with a market cap under say $500M to go 5x to $2.5B. But for a company with a $2.5B market cap it is far more difficult to go 5x to $12.5B. Even at $2.5B they’re a relative giant with a large workforce, expenses, operating/overhead costs, etc. So to quintuple that is difficult. Not so much for someone only capped at $500M, or less.
So if you’re wanting something that can go 5x or 10x, generally you can ignore the SP and look instead at market cap.
I can safely say, *only* retail investors look at a SP and think “gee, that’s expensive” (when it’s say $15 over $0.15). Both companies might have an identical market cap. It’s a pretty common occurrence and the reason why some poor souls probably sold out, because they saw they now had 8x fewer Boss shares, so they thought they had lost leverage/upside.
Anyway - good on you for being willing to question and get to the bottom of it. All part of the learning journey.
Cheers
mondy
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Hi @GoldrocksOthers have answered above but I think the easiest...
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Last
$3.29 |
Change
-0.050(1.50%) |
Mkt cap ! $1.347B |
Open | High | Low | Value | Volume |
$3.40 | $3.41 | $3.25 | $13.86M | 4.201M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8076 | $3.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.30 | 24504 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8076 | 3.270 |
1 | 2436 | 3.260 |
2 | 6236 | 3.250 |
5 | 101889 | 3.240 |
9 | 47781 | 3.230 |
Price($) | Vol. | No. |
---|---|---|
3.300 | 24504 | 4 |
3.310 | 14252 | 2 |
3.320 | 34547 | 3 |
3.350 | 4400 | 2 |
3.360 | 6250 | 2 |
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