Jul. 21 at 12:37 AM
$RCEL I sincerely believe this is a takeover target, similar to how
$SCPH was a takeover target last year.
They are burning cash, but also starting to show meaningful signs of growth, in my opinion.
I can see this going to
$10+ if earnings are excellent, and I believe a
$600M valuation is not crazy if all goes amazingly well.
Having said that, I anticipate that they will raise capital shortly after Q2 ER next month, so I understand that can influence the valuation if dilution is involved, which seems like a reasonable (and arguably likely) possibility based on management's language after the Q1 ER.
If they don't raise cash shortly after, perhaps they are open to a sale of the company.
I would love to see
$20 per share by end of this year.
This is purely speculation on my part, though. Always do your own research and due diligence. Please fact check my post in case I got anything wrong.
