Net proceeds after underwriting fee was actually only 11.78 a share!!! The stock price has gone above even the crazy price targets of all three on the underwriters. This stock needs to fall back to where I shorted it at $35.50. LOL
If you listen to the conference call they gave no evidence to suggest that sales of printers would increase at all. They are going to open a couple new service centers over the next 6-9 months but they have no orders. Its not like TSLA where they have more orders than they can build. There was no talk of supply constraints or anything like that.
There might be a few smart cookies. But something tells me on a whole the 100 employee work force of this tiny company is not worth $9 million for each employee. Also, in order for this to trade at a 30 PE, they would need to increase revenue 800% from $11 million to around $100 million. SELL SELL SELL.
While Micron drifts up every day. Reminds me of the market as a whole that goes up every day even though nothing underneath is improving and may actually be getting worse. Reckoning will come.
it is a freak phenomenon that has taken VJET share price from the $11.75 IPO price to the current $50 price. It will get crushed guaranteed and so will DDD.
They just IPO'd at $11.75 and now its $44 in a few weeks. They have sold like just a handful of printers Ever. That stock is a scam I think. Less than 100 employees. Maybe they have hired a few more since the IPO?
Because almost never do the early companies in a new industry end up being the ones that profit long term. Plus they are to expensive at 50-100 times earnings. I have a friend who is a manager at Staples. Will be interesting to see how the 3d scanner sells. I saw it will be sold there.
LXK is $2 billion market cap. HPQ coming into 3 D printing in big way per Meg Whitman.
And VJET is biggest joke ever. Only matter of time before that falls back to 30 which will drop DDD on correlations back to $63.
Yeah subscribers grew by a few % and earnings beat by a nickel. Pay any price. Doesn't matter it just went up $80 from last quarter.
400 dow points down sounds dramatic. But that is what it gained last 2 days. So i could lose it
Do not be a bag holder at these levels. YGE is on hook for over $500 million to china development bank and that bank has no idea how YGE will ever be able to pay back this loan. Only way is for them to do a huge 30% dilutive secondary. Because there is no profits to be made making solar panels when your interest expense is through the roof like YGE is. And labor costs are through the roof in china as well. Analysts mostly have target prices around $4. Maybe a bullish case can be made for $8 on long term potential. But whoever is pumping this premarket over $8 is clearly pumper dumper types. There is not much here.