Future 12 Month Target price of $2.80/share
It I take a couple of very simplistic approaches to a future valuation, I think we can base it off of an annualized Q4 number
P/E Based Valuation
Q4 EPS of $0.033
Annualized Q4 EPS $0.132/share
A PE multiple of at least 20x for this kind of revenue / GM% / EPS growth is very reasonable
$0.133 x 20 = FTM target price of $2.66
$0.133 x 25 = FTM target price of $3.33
EV / EVITDA Based Valuation
Q4 EBITDA/Share $0.048
Annualized Q4 EBIDTA $0.192
A EV/EBIDTA multiple for this type of growth and profitiability could sustain at least 12x-15x
$0.192 x 12 = FTM target price of $2.30
$0.192 x 15 = FTM target price of $2.88
If we average the 4 valuations ($2.66+3.33+$2.30+$2.88)/4 = $2.79
This is assuming no future growth which is clearly occuring.
I would say that a target of $2.80 is well justifiable and will only go higher!!!!