You're right that P/E ratios are just one valuatio
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That said, tech sector P/E ratios skew high and 20 to 50 p/e is not unreasonable for a tech stock. I know the high share count is a limiting factor but if Nuc can dream, so can I. LOL https://csimarket.com/Industry/Industry_Valuation.php?s=1000
Even with revenue it's hard to pigeonhole QMC to one industry. Blockchain? Crypto? Anticounterfeiting? Any of the Quantum Dot industries?
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