Watchout for Potential $IOT Short - target 21$
Revenues are growing very slowly, and earnings are still slightly negative.
PB ratio of 19+ and eps of -86+ seems well disconnected from fair potential valuation.
Sensors are easy to disrupt, compete, and also it gets fairly easier to find significantly cheaper alternatives in low ambitious use-cases.
It's not like NVIDIA in AI where there's still no proper full-suite support right from h/w to s/w across all spaces.
PB ratio of 19+ and eps of -86+ seems well disconnected from fair potential valuation.
Sensors are easy to disrupt, compete, and also it gets fairly easier to find significantly cheaper alternatives in low ambitious use-cases.
It's not like NVIDIA in AI where there's still no proper full-suite support right from h/w to s/w across all spaces.
Note
PS: This isn't something that'd materialise as quickly as in few months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.