RE:RE:RE:RE:RE:RE:The pullback hasn't been terrible this morning. Ok. So you apply a 30X multiple to the EPS, based on forward 12month revenue estimates.
I dont make revenue projections. As mentioned I do not use fundamentals on value stocks or companies at this stage in their lifecycle. I consider the business outlook, operations, cash flow, addressable market, partnerships and managements ability to execute.
Projecting revenue and then share price based on EPS is a fools errand; there are various factors that can affect cash flow and profitability. Its not a linear calculation. But I will say that if they can maintain their current trajectory for 2021 and do $1M in revenues (your guess, not mine) then they will be well over $1 and likely over $2.
Of course this all re-rates with any substantial news.