$DIRV Updating price target to $0.08 We are up
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Posted On: 09/25/2018 10:57:14 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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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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