Post by
Paray99 on Jun 05, 2024 5:36pm
How can this stock hit this high?
I don't see any reason. This used to be day traders heaven few years back. Now, from where it gets that much value? I have no idea. Looks bit fishy.... and someone playing with it and getting rich.....
History tells it can crash anytime to very low, then come up after a while..... Swing trade opportunity with it then and even now. See the history!
Comment by
flamingogold on Jun 06, 2024 8:10am
The reason why you are stumped is because your thinking is stuck in history. This company carries the same name from pre 2020 but is no longer that same company. Fine by me because by the time the average street investor wakes up and starts piling in, this will be past 2018 highs.
Comment by
stock4life48 on Jun 06, 2024 11:17am
Exactly, you can't compare the pre 2021 company with the company today. 2025 EV/EBITDA ratio of 11x gives a value of around $190. Plenty of upside left. The four most recent analyst reports give values between $120-143 If the OP truly thinks its going to crash then they should short it. Keep in mind you will see that shorts are running for the hills quickly