$DIRV Updating price target to $0.08 We are upd
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Posted On: 09/25/2018 10:36:55 AM
$DIRV Updating price target to $0.08
We are updating our price target for DirectView to $0.08 to reflect recent results and an updated share count since our last note. The company most recently reported shares outstanding of 221.15mn, with the increase coming from conversion of securities and recent fundraising. We continue to see the company as a speculative company positioned to grow if it can execute its sales strategy in the large and fragmented market for video security and surveillance solutions. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows. If achieved, the target of $0.08 implies a market valuation of $17.7mn, or 3.2x FY19E revenues of $5.5mn, assuming 221.5mn shares outstanding as of August 20, 2018.
https://finance.yahoo.com/news/seethruequity-...00754.html
We are updating our price target for DirectView to $0.08 to reflect recent results and an updated share count since our last note. The company most recently reported shares outstanding of 221.15mn, with the increase coming from conversion of securities and recent fundraising. We continue to see the company as a speculative company positioned to grow if it can execute its sales strategy in the large and fragmented market for video security and surveillance solutions. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows. If achieved, the target of $0.08 implies a market valuation of $17.7mn, or 3.2x FY19E revenues of $5.5mn, assuming 221.5mn shares outstanding as of August 20, 2018.
https://finance.yahoo.com/news/seethruequity-...00754.html
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