Applying the same 8.6 x Revenue multiple above and given the company had 2017 revenue of 40.6M we get a valuation of $350M or circa 92 cents per share.
2018 revenue say $52M x 8.6 = $447M or $1.18/share in 4 months. Current Market value = $405M so NEA probably undervalued on this anlysis...
Cheers
Nach
NEA Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
