GREY:EPWCF - Post by User
Comment by
inviolablspiriton Aug 30, 2021 1:00pm
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Post# 33782045
RE:RE:RE:RE:RE:Q2 - End of day or Monday?
RE:RE:RE:RE:RE:Q2 - End of day or Monday? Yes the company does have a promising future, but the numbers were way below the expectation of $2.5 million and way below that $10 million run rate for the year. Currently, the run rate for the year is 2.5 + 0.8 = 3.3 x2 = $6.6 million. Give that a 10x valuation =66/355 = share price of $0.185. That's not great! Given those resent revenues the stock is way overvalued at it's current price, but it seems to be holding well. I know the company has a solid plan moving forward which is probably keeping the stock at the current level. To do that the market is giving the company a 20x+ valuation at the current price. The market is strange.
Just for comparison, DM has a run rate of $60 million for the year ($30 million in revenues total for 6 months) and it currently sits at $0.18 where if given a 10x valuation on those revenues the stock should be around $1.70 based on its revenue, so go figure! DM brings in $10 million in revenues in Q2 and it's stock goes down. CBDT brings in $0.8 million it's stock goes up? I own both stocks, but there's something not right going on in the market. I got one stock that is overvalued significantly and another that is significantly way undervalued. At this point CBDT is struggling to get to that $10 million run rate for the year, but they'll get there through their clinics and Medi Sure. But beyond that, that stock remains overvalued, but valued for its future revenues. Again, those are just the numbers.