PRTS - Penny stock about to launch
PRTS is a car parts online seller. During covid boon, the company grew agressively, so is their share price and market cap.
Since then, not much dilution, 600m NR, P/S is below 0.1!!
Issue is profitability, the company does not have a debt issue, current cash and current profitibability and FCF can last years so no dilution to be expected.
In July, they started a TV commercial campaign, insider buy at 1.09 level for 100k usd. I mean for me this is an obvious play, but at 1.10 below, ride to 2 usd easily. Even then P/S will be still 0.2 and with their transformation of product portfolio, if they post a profitable quarter end of the year, easily we will x3 here.
I put enough money that I will not be sad if I lose. I think we are at the floor prices but anything can happen, this is not classic mag7, yet I see a very nice risk reward with stop loss at 0.95
Since then, not much dilution, 600m NR, P/S is below 0.1!!
Issue is profitability, the company does not have a debt issue, current cash and current profitibability and FCF can last years so no dilution to be expected.
In July, they started a TV commercial campaign, insider buy at 1.09 level for 100k usd. I mean for me this is an obvious play, but at 1.10 below, ride to 2 usd easily. Even then P/S will be still 0.2 and with their transformation of product portfolio, if they post a profitable quarter end of the year, easily we will x3 here.
I put enough money that I will not be sad if I lose. I think we are at the floor prices but anything can happen, this is not classic mag7, yet I see a very nice risk reward with stop loss at 0.95
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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.