Watch out below if VoltaXplore does not get the go aheadIMHO, if GRA was to trade as a manufacturer of graphene enhanced composites only, it would eventually trade at 5 to 8 times EBITDA, not 10 times REVENUES, as it is trading right now. Look at NEO materials, trading at 1 time revenues......In my mind, it is imperative that GRA becomes a player in the battery segment to still be perceived as a tech company, with multiples attached accordingly.
I too believe that the rise in long bond rates is playing havoc with the value of cash flow negative tech companies, but the absence of news concerning Volta and the slow adoption rate of graphene enhanced products sold is also a negative to the stock.
Soroush and cie better come up with a 5 year plan that is both credible and includes revenues from silicon graphene materials. If not, watch out below, and not because of the Fed.