Stock price when the opinion was issued
We continue to like it.
Companies often get re-rated as they start producing revenue, cash flow and earnings.
We have already seen a couple of broker upgrades here.
The stock continues to do well and if there are no operational issues we could see short sellers get squeezed a bit.
There has also been some insider buying.
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The sector has rolled over somewhat with concern on slowing EV sales globally. It still has negative cash flow but we admit it is getting interesting for those who like the sector and have some patience. We do not like the executive turnover and would like to see some more overall stability in the share price before getting too interested.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has decent levels of cash at $170M following recent financing. Asset portfolio is decent. Has no revenue yet, however. Has rallied with the sector. Ok for the sector. Unlock Premium - Try 5i Free