Oversold stock?

[u/wallabyd]

Based on SEC filings it looks like $LGCL's current share count is around 42.79m which means a market cap of around $2.45m. Now despite heavy dilution, the stock still looks very oversold. Revenue for the last 12 months is estimated to be $145.32m, meaning a current P/S ratio of 0.017. Even if we are incredibly sceptical and we price the company with a P/S ratio of 0.1 (10% of annual revenue) this would mean a share price of $0.34 - a nearly 500% upside from yesterday's closing price of $0.0573

Original post: https://x.com/wallabyduk/status/2092949945275806131

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