Stock valuation is measured by the market cap - i.e price x shares , not the price. This is exactly why new investors get caught up thinking its cheap.
As you can see in my previous post, the number of shares issued increased 2.5x from 375m in 2016 to 950m today.
I believe for some time the market had not factored in the large share base until now. SAS has the same issue , so you see sp stagnation.
Normal market SaaS price to revenue ratio is around 5-6x , so at today's market cap of $75m, it should already have $15m annual revenues but it only has less than a million. Hence, I believe the sp has still way more to adjust downwards. But you never know an announcement could appear soon to jack the sp up again (as been done a few times before) only for unsuspecting traders to then hop in again (and out).
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Last
40.5¢ |
Change
0.025(6.58%) |
Mkt cap ! $141.3M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.5¢ | 37.0¢ | $118.8K | 317.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22000 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 20465 | 1 |
View Market Depth
| Last trade - 16.18pm 01/08/2025 (20 minute delay) ? |
| YOJ (ASX) Chart |