RE:overvalued?When they excused the government shutdown for several days slowed down on their revenue, it starts to stink.
Their Q2 2018 revenue was $685,000 whereas their 2019 Q1 revenue was $673,000. Next quarter will be compared to Q2 2018 revenue of $685,000.
RIWI showed good progress but don't forget that next quarter results will be compared to $684,000 not $250,000- $300,000 where they could say revenue growth over 100% maybe justifying their extremely high valuation of 35-45 times projected cash flow.
Their stock went up many hundred % because of their revenue growth was explosive at 100% last several quarters but that will likely stop and growth rate will come to near 0 or even drop if the revenue stays around $673K.
When the growth slows or drops, this stock's many hundred % gains will dissapear in a week. I can see 25-40% drop making the stock to be traded at $1.6- $2.1.
Take profit or wait for the right moment.