RE: Scratching My Head at Current Valuation16 Dec 2021 07:55
Incorrect Andy
The true value here will come when orders are booked and product shipped.
Then the share price values itself. It may get ahead of itself due to demand and shortage of shares.
But quite simply the true value of the stock will be due to it’s balance sheet and order book. Valuing a stock on momentum, perception, tendency for fomo etc is how investors loose money.