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...from approximately $1 per share in October 2019 to nearly $14 per share by April 2021, leading to a grossly inflated market capitalization of $100 million.
by mhb 4y ago
...from approximately $1 per share in October 2019 to nearly $14 per share by April 2021, leading to a grossly inflated market capitalization of $100 million.
So the valuation before the gross inflation was $7M? Even though that makes 14 times less sense, it still seems a bit high.
- fisherjeff 4y agoUh yeah, generously assuming 25% margins on $40k revenue, that’s like a 700x P/E… for a deli.