Stockfishing :
20x price to sales that’s why. I downloaded the sound hound ai app. Disappointing to say the least. It will take a while before this is actually worth $3
Stockfishing :
Yup I read about that. Their app doesn’t scream 20x price to sales for me. Still watching this ticker to measure their quarter on quarter profit. Good luck!
Stockfishing :
It’s based on trailing 4 quarters of profit. 20x means that you assume revenue figures will be 20x higher in the coming years and are recognising it in the stock price now.
Stockfishing : 20x price to sales that’s why. I downloaded the sound hound ai app. Disappointing to say the least. It will take a while before this is actually worth $3
ur wifes boyfriendOP : I downloaded it too..but their product is going into new cars and restaurant ordering apps. that's what I'm betting on
Stockfishing : Yup I read about that. Their app doesn’t scream 20x price to sales for me. Still watching this ticker to measure their quarter on quarter profit. Good luck!
ur wifes boyfriendOP Stockfishing: can tell me what you mean about the 20 x price to sales? is this on the qtr earnings?
Stockfishing : It’s based on trailing 4 quarters of profit. 20x means that you assume revenue figures will be 20x higher in the coming years and are recognising it in the stock price now.
ur wifes boyfriendOP : oh I see