RE:RE:RE:RE:RE:RE:RE:RE:RE:Insiders buying! And insiders only buy for one reason
kaykay22222 wrote: @Maggs Are you Jesus who knows the full truth...?
Only time will tell.
Nobody knows for sure if this will be a multi-bagger in a couple years time and investors can only "hope". It is very rare for a company to rise 3 or 4 times in under a year. In general, the stock market returns are around 10% per year over a long stretch of time. When stocks move significantly higher in one year, they tend to revert back to the mean and average 10% per year over the long haul. One can see evidence of this if we look at the Tsx venture composite index in 2020 versus 2021.
At 10% per year, it would take 11-12 years for a company to rise 3 times its present value.
At 15% per year, which very few can achieve, it would take about 8 years.
Anybody that tells you that a stock will triple or quadruple in under a year should be taken with a grain of salt.