What is your justification for a 45m mc being too high?
Estimating based off the current revenue alone sure, but mc incorporates market sentiment, forward growth estimates and more. Speculative stocks will have high market caps for little or no revenue because of speculation of later growth. Ept defintelly falls into this category. It has a viable product, a growth plan, capital on hand and good management. There aren't many start-ups that could say the same.
The trading volume over the last month is low and imo doesn't mean much except for the sliding sentiment. Look to future announcements and quarterly results to see where the company is heading, and I'm confident a 45m mc is undervalued. The sentiment can change overnight.
RI
What is your justification for a 45m mc being too high?...
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $52.34M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.2¢ | $68.77K | 2.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 409000 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 330673 | 1 |
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| Last trade - 15.59pm 18/07/2024 (20 minute delay) ? |
| PCK (ASX) Chart |