GREY:ALEAF - Post by User
Comment by
Verygood007on Jan 12, 2020 11:29pm
282 Views
Post# 30545097
RE:Stock Price forecast 2020
RE:Stock Price forecast 2020Outstanding number of shares 276,838,000, current sp 0.60. Current Market cap $166 million approx.
current EPS -$0.24. To turn the EPS to positive ALEF needs a net profit of $70 million or higher for 2019 assuming no new shares issued from treasury. This is not possible.
Even if ALEF generates say $25 million net profit, the institutional shorts would like to keep it below $1.54.
But when the Analysts r saying that the sp will reach $3 it means they r expecting very very high revenue and profits beyond my imagination. Let's hope for the best.