If you look around the market you can find lost of stocks with quite high market caps apparently related to have patents on technology that may never be commercialised. They have receipts from customers of less than $200k pa running multi million dollar losses and lots of competitors. They have a very loyal following and anybody who dare questions the market cap or the potential for success is subjected to intense personal attack.
Yet I can also find stocks that are undervalued primarily because of manipulation by hedge funds like Regal that push the price down far enough on occasion to have shareholders question their commitment and sanity and perhaps capitulate, even when NOTHING has materially changed about the company's prospects.
The market isn't always right and it's not always efficient either, at least not all of the time.
I like PNV a lot. What you see is what you get, it's already commercialised, trials are just icing on the cake.
I foresee $5 per share in the not too distant future.
If you look around the market you can find lost of stocks with...
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Last
$2.07 |
Change
0.030(1.47%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.12 | $2.05 | $2.783M | 1.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19976 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 9633 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |