BLNK
CRSR to $50CRSR earnings is right around the corner on February 9th. You can expect some bullish momentum going into earnings. I am expecting a pennant breakout and most likely we should enter 45-50 range.
CRSR previous earnings was a massive beat, this quarter the estimates are low and should be another HUGE BEAT!
BLNK A Little Too ExpensiveThere's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation.
Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash.
Most recent 10Q shows me that:
GP is up approx 122% from 3Q of last year while Operating Expense is up 38%. OPEX increase was largely in part of increased compensation and G&A expenses.
Operating Expense now represents 292% of Revenue compared to the 364% reported same quarter last year. So the company is growing.
Here's the downside. Share price is now based on a valuation decades into the future.
Chart shows that we've got RSI divergence along the highs so expect a pull back. I'm interested buying but at the right price.