RE:RE:RE:This is not a $14/$15 stockOne thing to keep in mind is that in 2021, when the year NBLY came public, NBLY generated 34.5m in EBITDA (up from 21M in 2020 the last year as a private company. Today, as of the last fiscal year the company generated $74m in EBITDA meanwhile the share count expanded from 33m to 44m during this period, which means the EBITDA per share expanded from $1.05 to $1.68. As such, the IPO price is increasingly irrelevant as a reference point, the stock here is worth much more than in 2021, and this is even if we were to adjust for higher debt and higher interest rates. Based on my model, NBLY is worth $20 to $21 at minimum today.
PS. the financial number cited in the psot stem from Dow Jones Factiva.