Is a sub-$1 handle possible? Nano Share price scenarioMarket sentiment is strongly against even the established/profitable plays in this space. Nano One is far from being profitable or commercially established. And therefore, we are trying to work together as a community to help one another identify when a good time is to deploy our hard earned money to back Nano One.
Today Nano One is trading at ~$1.80 CAD. Nano One if valued based on cash alone is likely worth ~$0.40 CAD per share. Many are cautioning investors to brace for names in this battery space might take a further ~80% haircut from current trading prices. If Nano One drops by another ~80% that would give us a share price of about ~$0.40/share.
People tend to claim Nano is worth much more than their cash in the bank (which I also agree with). The Candiac and Burnaby facilities are worth something (however they have high operating costs and therefore would not help with evaluations during a prolonged bear market for this sector). People point to the Nano One patents which are of course worth something. However, the markets tend not to value patents that are not yet commercially proven (in the sense of yielding licensing revenues). Especially if there are alternative patents available elsewhere (e.g., SpringPower, Novonix, 6K, Tesla, China, etc.).
It is worth accepting that Nano One share price might drop much much further (e.g., down to as low as cash value $0.40 CAD/share).
It is always hard to see a company you support struggle but that is the nature of the markets. And 80% haircuts should be expected in these hyper growth sectors.