RE:RE:RE:No loveYou're right. It hasn't even been listed on the NASDAQ, but has already started climbing. Investors are no doubt going off guidance of $0.24 of earnings for 2020 -- which is roughly 38x earnings. A lot of that is going to be from the higher HPQ price, though.
Sales to equity ratio is even higher at 87x 2020 revenue. Yikes!
This will probably go higher, but not a price point I feel comfortable with.
And here we are sitting on KNR, with anywhere from $18 million per month (3,000 units @ $6k) to $120 million per month (20,000 units @ $6k) vs. a market cap of only ~$210 million.
Methinks we're a bit undervalued. :)
canyousayiii wrote: PYR on the way towards being listed on Naz, not quite yet. It will need to start inking sales contracts to sustain the move before profit takers step in. I am invested there and had invested everywhere from $3 to high $5 starting last summer. Late comer compared to many, believe in the long term potential of some products, but it will continue to be a volatile ride IMO. This may be a simpler story to understand and figure out, and see results.