RE:RE:RE:RE:RE:RE:Add ons to ETC contractsRekor's seemingly nutty valuation can be explained by three things:
(1) Not too long ago (2021) it was essentially a meme stock. Some people remember and cling to that way of valuing it. This is a cognitive fallacy in which history is overvalued.
(2) Rekor's very high current rate of sales growth. My view is that investors are overextrapolating this growth in their projections--which would involve another form of cognitive fallacy. But time will tell. If the company really does keep growing its sales at 100% or so per year for the foreseeable future then the stock may actually prove to be undervalued right now. (I remain to be convinced.)
(3) Robert Berman's abilities as a promoter. Whatever you want to say about his talents as a manager, there can be no doubt that he is a master at pitching a story. (My cynicism about this must be obvious. Needless to say, I don't view this form of holding up the stock to be sustainable.)