GREY:CVHIF - Post by User
Post by
brentski99on Mar 14, 2019 2:19am
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Post# 29483461
Next stop $4.00 ?
Next stop $4.00 ?Not out of the question at all. Industry average Sales to Price Ratio is about 15 according to MIdas. Going forward this Q we are about at 2 times. 15 times is about 7 1.2 times our current price based on this quarters revenues.To be average we should be trading between 6 and 7 dollars based on current annualized revenues. 25 million takes us to between 13 and 14 dollars per share.
I am saying we can easily get to $4 using existing revenues which is half of where we should be according to the Midas formula.
With $25 million revenue $4.00 is only 1/4 of where we should be using 15 times which is Midas's formula.