It may be worth repeating what Frost & Sullivan said in their report dated 12 May 2021 - see extract below:
"Valuation – Weebit’s current cash position is rougthly AUD $20M. This significant figure will support the company’s strategy and plans throughout 2021-2022 with no additional need to raise more capital.
We maintain our valuation of Weebit’s equity value at AUD$472.1M (US$363.8M); the stock price target to be in the range of AUD$3.6 to AUD$4.1, with a mean of AUD$3.9 (US$3.0)."
The sp is well short of that estimate now, so it may be worth considering WBT to be well oversold and therefore an attractive buy at current prices.
AIMO Not advice.
Weebit - 2021and beyond, page-7434
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$2.51 |
Change
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Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.56 | $2.50 | $658.3K | 260.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 3114 | 2 |
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