There really isn't much of a link between current quarter (or half) revenues and market cap. Market cap is entirely a function of market sentiment (i.e. share price) and that has a lot more to do with where a company is headed than it does with where it's been.
That said, first half revenue will be critical to market perception as to the pace at which the company is penetrating the US market, and that is the primary driver of future value.
If investors perceive the stock to be worth $1 + per share, based on where expectations put revenues six months out, 60 cents will look like a huge bargain and the share price will shoot up on huge volume. And by implication, so will the market cap, proving the definitional truism that market cap is driven by share price, not the other way round.
The thing to look for is the current basis cash flow going positive. That's the fulcrum upon which everything will pivot.
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Last
$2.34 |
Change
-0.030(1.27%) |
Mkt cap ! $1.616B |
Open | High | Low | Value | Volume |
$2.41 | $2.43 | $2.32 | $5.953M | 2.536M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 29039 | $2.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.35 | 16702 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 2.330 |
7 | 38855 | 2.310 |
9 | 44383 | 2.300 |
1 | 2068 | 2.290 |
5 | 18946 | 2.280 |
Price($) | Vol. | No. |
---|---|---|
2.360 | 2068 | 1 |
2.370 | 2068 | 1 |
2.380 | 2068 | 1 |
2.390 | 2068 | 1 |
2.400 | 2068 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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