Anyone else watching this stock?I'm surprised to see recent weakness, although on very little volume.
This stock feels like a no-brainer. Greenest, lowest-cost cloud infrastrcuture provider in the EU and we all know how fast cloud demand is growing + importance cost + environment. Just commercialized their offering a few months ago. CEO has publically sounded very excited and optimistic about early business wins. Current build-out supports up to $80M of revenue and $65M of EBITDA (per their presentation slides). Management owns 70% of the company so very high internal alignment with shareholders. Stock only trades at $27M USD valuation so huge upside if they execute and scale up the platform. If they could even scale to $30M of EBITDA (half of current build out), that would be many multiples of upside depending on the EBITDA multiple you choose. I would argue at least 7x-10x. What am I missing here?
I'm guessing people are selling due to "investment fatigue" given the lack of news - but would love to hear if there are any other takes out there.