PRTS - Penny stock about to launchPRTS 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
