RE:Forecast ? Third quarter ended on November 30th for this company, so I imagine quarterly financials and an update on the rollout of new products could be happening at any time.
The business's revenue run rate as of December is ~$25 million per annum, which is my base case for 2021 until we can see the growth continuing on a strong trajectory. If the new products pan out, I could see revenue hitting $30-$40 million in 2021.
With a market cap of ~$37 million, HP is still rather cheap compared to other smallcap tech stocks that I'm aware of. Based on recent valuations, I could see the market cap valuation hitting 3x to 5x revenue over the next few months, assuming the trend remains our friend. That would put the stock at a price point somewhere between $0.50 and $1.40 per share.
If this mania continues the share price could go even higher, or if the economy hits a major air pocket due to some surprise, the stock price could be cut in half.
One never knows. :)
Goldrush86 wrote: When do the official year end numbers come out ?
Also Can anyone find any analyst forecast or have some forecasts of their own?