UndervaluedIt's not complicated to figure out why we're rocketing higher, this has been trading so low that someone finally realized how much this company is worth and started buying big. Let's do an industry comparison, there's two peers we can compare SGC to: GDOT and NTSP.
GDOT has a market cap of 1.76 billion, 42 million s/o, sales of 364 million, revenue per share of 8.69. So that means it trades at 4.8 x sales.
NTSP has a market cap of 867 million, 89 million s/o, sales of 275 million, revenue per share of 3.10. It trades at 3.1 x sales.
Now, this is how SGC stacks up: market cap (as of now) 26 million, 107 million s/o, sales of 99 million, revenue per share of .93. It trades at .26 x sales. Yes, that's point 26, as in roughly a quarter times sales. Unbelievable. It's hard to find companies that have real revenues, profits, and trade less than 1x sales. This one's been overlooked. Let's say it should be trading closer to its industry peers, at only 2 x sales, it gives us: market cap of 198 million, or 1.85 per share.
I missed buying this at .16, I had no problem buying today a little higher. Valuation here is so cheap, this can climb to a dollar + without difficulty. And we're not taking into consideration any near-term catalysts (earnings due soon) that can add more value.