Could This Stock Reach $300 per share? – NEO.TSX

You might not have a CAD trading account but look at this stock.

Currently trading at just 60% of its annual revenue, it appears seriously undervalued compared to many speculative 25x stocks.

The key here is China’s ban on these types of exports. This could drive up the price, and companies like this stand to benefit.

Chart: It looks like a reversal is in the making. Bullish on the yearly, with a solid uptrend. The channel is nearing resistance, which suggests a potential run toward $10, offering a breakout opportunity.

Institutions could start picking this up once it surpasses $10, recognizing its potential value.

With that in mind and increasing demand, why not $15? Why not $20? Why not beyond in the years to come?

If we look at the unrealistic speculation of many companies that hit a 25x revenue valuation, this could push the stock to $300 per share.

Other stocks seem risky when you really dig into them. CRNT is another that’s also seriously undervalued.

My point is that this stock is an undervalued play based on market trends, with the chance to get in at what could be near the ground level.

I just found this and am adding it to my long-term portfolio. Keep an eye on the low volume, though—if liquidity is important to you, this could be a play toward $10.

Do your own due diligence and trust your judgment!