Darius Matthews
OP
ChipiChirpi
:
No. It was 15 pre split. You have multiply. That’s where the 300 comes from. It’s less shares now. You have to multiply to keep the same market cap.
Darius Matthews
OP
股海无边
:
Yes, I know. But there are reasons why they forecast so high. They didn’t pull a number out their butt. If they’re off by 90 percent and we hit 30/share , that would be amazing. That’s a 10 bagger from here. Yes forecasts are often off, both ways off, to the downside and the upside. Besides, I’m not only looking at their PT. It’s only one analyst. I’m looking at the balance sheet, the increasing revenue, the increasing earnings, the product prospects for the future, none of which is priced in yet. All this makes me optimistic.
ChipiChirpi : Divide that by the reverse so by 20. Which would be 15 price target, still pretty good.
Darius Matthews OP ChipiChirpi : No. It was 15 pre split. You have multiply. That’s where the 300 comes from. It’s less shares now. You have to multiply to keep the same market cap.
Darius Matthews OP ChipiChirpi : We have less shares that are worth 20 times more. Therefore the price target has to increase by a multiple of 20.
股海无边 : Forcast is always a forecast... lolzz
Darius Matthews OP 股海无边 : Yes, I know. But there are reasons why they forecast so high. They didn’t pull a number out their butt. If they’re off by 90 percent and we hit 30/share , that would be amazing. That’s a 10 bagger from here. Yes forecasts are often off, both ways off, to the downside and the upside. Besides, I’m not only looking at their PT. It’s only one analyst. I’m looking at the balance sheet, the increasing revenue, the increasing earnings, the product prospects for the future, none of which is priced in yet. All this makes me optimistic.