The shares are very thinly trading with no particular selling pressure – more a lack of buyers.
If you can look six months into the future with your buying and in particularly your sell goal, I will give you my opinion that MKTY is very reasonably priced. I hedge because the stock has so few shares available for trading that any price movement is possible.
$3.00 a share – not surprised….$30 a share not surprised.
So, I am basing this on what valuation would I place on the company a year from now. $100 to $200 million market cap. Currently there are about 14 million shares outstanding fully diluted. That works out to $7.14 to $14.28 range.
By the end of 2021 MKTY will expand their Crypto project from the 3 to 4-Megawatt capacity to slightly above 50-Megawatt capicity.
They also expect to be competitive in the instrument measurement business in the Electric Vehicle (EV) business and they have measurement instruments contracted for wind turbines applications. MTI Instruments Accumeasure HD system technology with a review of the specifications of other capacitance systems on the market, showed that the Accumeasure HD system produces the highest resolution capacitive measurements in the world.
- MKTY’s future looks bright.
- Technically they are in a downtrend.
- Fundamentally they appear over-sold.
I bought 100 shares today at $7.15 just to see if I could. The spread is wide at $7.03 to $7.33. Use limit orders but I think this is the low or close. I use dollar cost averaging, not stop losses so my risk management style might be different than yours. Our strategy is scale in and scale out.
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