CO2 GRO INCLong
CO2 Gro Inc. Breaks Year Long Trend Line Bullish
Ascending triangle formed over January and February, bear trap with bull break on the 25th. Short term price target 0.35-0.40. Close above 0.30 signals new uptrend, as support is building above trendline formed since January 2018, lots of catalysts up coming make this a good entry point on a very bullish chart.
Fundamental analysis leads to price target of 0.83 going into 2020 with predicted revenue run rate of 10mil/year.
2019 Revenue: 10,000,000
70% Margin: 7,000,000
Overhead: -1,000,000
Op inc: 6,000,000
30% tax: -1,800,000
Net inc: 4,200,000
Shs diluted: 76,111,860
Eps: $0.055
P/e: 15
Shs value: $0.83
Fundamental analysis leads to price target of 0.83 going into 2020 with predicted revenue run rate of 10mil/year.
2019 Revenue: 10,000,000
70% Margin: 7,000,000
Overhead: -1,000,000
Op inc: 6,000,000
30% tax: -1,800,000
Net inc: 4,200,000
Shs diluted: 76,111,860
Eps: $0.055
P/e: 15
Shs value: $0.83
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.