Sona Nanotech Inc C.SONA

Insiders are NOT Selling

[DogRam]

https://www.canadianinsider.com/company-insider-filings?ticker=SONA

[DogRam]

And neither are we! 

[shoosh22]

And me neither...lol  Hey there DogRam..  We are still waiting for the prize...very soon.  GL

[shoosh22]

Truly a beautiful picture.... just need to move the decimal over one.   GL 

[datawork]

2 places by January, possibly sooner  unless we get a split with Nasdaq . :) 

[StockRV]

I've been in this stock since $1 and have enjoyed the ride so far. What is it that makes you think this stock can move two decimal places into the $1000 range? For me this sounds insane and very unrealistic but I am very new to trading overall and sona was one of my first big investments.

[Aarman4]

Welcome to the world of investing StockRV! Read LOTS of good books written by people like Peter Lynch, and Benjamin Graham to start. Share price tends to reflect earnings in the long run. The share price trades at a multiple to earnings. Low multiples being a P/E of 5, high being considered anything usually above P/E of 30 . P/E can get really high with darling stocks that are growing very fast.

[dart321]

Take your numbers step farther and look at the other companies in our sector listed on the nazy. An example is one that sells tests at present QDEL, their PE Ratio is 67 times the others are similar and even higher in some cases. It's all about announced sales an how fast they grow.

[Moemoney42]

You also have to compare apples to apples... QDEL is an established business thats been around for decades and has many products not just one..! Thus the PE ratio (although elevated lately) is relevant to the whole business not just a covid test..

[jada13]

No insider selling tells you all you need to know .Its straight up from here.

[dart321]

Moe give us break, it is simple numbers sales, profit margins and growth rates. If this company comes out with sales equal to or better than QDEL this company will get the same valuations. I believe Qdel's guidance for next Q is 380 million. That is aprox, Sona selling 5 million kits per month @ 25 bucks each. Is that possible, sure it is if these field tests are confirmed. We will likely find

[Moemoney42]

With all due respect dart... if it was that simple we'd all be millionaires..! What happens when margins get squeezed, pricing competition or bulk purchases etc. forces them to cut their prices..? Nothing is in carved in stone now a days..! Don't count you're chickens before they hatch..you know... like deadline countdowns.. you end up looking foolish..!

[willywonka]

If you had bought just 1000 shares of shopify lat year you would be a millionaire. SONA can easily go to $1000 sp with a product that the world needs.

[Aarman4]

I very respectfully disagree with you on this one Moemoney42..... I have yet to see the market give higher multiples to companies just because of how long they have been around. In fact, if anything, the P/E multiple seems to get higher for new companies at a disproportionate rate because they are the "hot stock" of the moment. Unfortunately, that P/E multiple also tends to crash down

[Moemoney42]

Yes Aarman.. but the decades of an established business is only part of the reason for the P/E value... the fact that they have an established business (with many products) now with the covid test to complement it, juices the P/E to a higher multiple. SONA has yet to prove this fact... I don't know that the dot-com era of multiples applies to startups much anymore.. could be wrong..?

[dart321]

you know moe if these where normal times I would agree with most of what you are saying but these are not normal times and if these field tests confirm everything then this test becomes the world standard with a cloud base app tracking feature. So we sit and wait for conformation of the field tests. Again if it's confirmed the world will be ordering this product the only issue I see if

[Aarman4]

I'll tell you what Moe, neither of us can predict the future accurately enough, but when the dust settles, and SONA hits a higher P/E than QDEL did at it's height during the pandemic, you can owe me a top-shelf triple of your area's best Sambuca.... If QDEL wins, I'll owe you your choice of top shelf? I'm good for it, I am sure you are too. Cheers!

[Pandora]

From a Yahoo board this a.m. "EUA could happen at any time. August 15, 2020 Today, the U.S. Food and Drug Administration issued an emergency use authorization (EUA) to Yale School of Public Health for its SalivaDirect COVID-19 diagnostic test, which uses a new method of processing saliva samples when testing for COVID-19 infection. Looks like the FDA works weekends!"

[datawork]

7 days a week, we're next :)