It's not that absurd. We are currently sitting on a 5x price to sales. Historically small caps have sat at 15-20x as a median value. Means we are in for a 4x rerate as a minimum just off of returning to a median multiples value- and 5x considering strong December quarter results. 5x just off of a rerate would send us to 25c, and given the nature of micro caps ( note Feb21 21c peak) we know that the SP can overshoot valuations. So no- 34c is not absurd and definitely within the realm of possibility. ( also disregarding any trading updates- like the 1mm case supplier etc).
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It's not that absurd. We are currently sitting on a 5x price to...
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