RE: share price14 Sep 2021 22:46
After the recent results with-far lower than expected revenue and booked losses ,the SP is now inflated and even with analysts revenue expectations of 26 m in 2022 ,still price-to-sales ratio is at ridiculously level of a 100. This is a hell of over valuation, the sp has much further to go south from here .
They declared 378m in negotiations contracts for the coming year.. but none has been signed and none could be signed! Or some maybe signed in all probability..
Personally I have been buying and selling ITM since sp was at 17p…but the current SP is currently in a bubble ..imo..
It is now on my watching list …
As always dyor and GL on whatever you decide to do..