The issue over here is the person who has written that article would have only looked at the revenue the company is making .
Weebit has enough cash to maintain the momentum for another 2 to 3 years . If you look at Snowflake they have a negative ebita same goes for Hashicorp . According to the author of that article they will also go bankrupt .
Weebit in my opinion if they decide they want to be sold off would at least generate a value between 1.5 Billion to 2 Billion, keeping in mind they have a technology for future and fully qualified.
What's happening to the share price in my opinion is a momentary thing and when we have a customer or a significant technology milestone update then it will sky rocket .
Nvidia is an example , before you shoot me comparing Nvidia to Weebit I will reiterate just as an example .
Brainchip price was high due to announcement of Mercedes using their tech post that I can't recollect they had any significant update and that explains price crash .
Weebit has had numerous updates in recent months and key milestones would be met in the coming months . I am holding tight hope fully if you are reading this post are doing the same .
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Last
$2.33 |
Change
-0.070(2.92%) |
Mkt cap ! $442.0M |
Open | High | Low | Value | Volume |
$2.39 | $2.39 | $2.32 | $380.6K | 161.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 30870 | $2.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.34 | 3263 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 30870 | 2.320 |
11 | 18470 | 2.310 |
18 | 57119 | 2.300 |
11 | 117118 | 2.290 |
7 | 28749 | 2.280 |
Price($) | Vol. | No. |
---|---|---|
2.330 | 1425 | 6 |
2.340 | 3263 | 6 |
2.350 | 11984 | 7 |
2.360 | 6301 | 4 |
2.370 | 14525 | 5 |
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