RKT Stock – How to Trade Now? – Fintech Zoom
It is quite important for investors to look closely into companies like Gevo (NASDAQ:GEVO) and figure out if the stock is overvalued or not. The first thing that should strike most people is the fact that the company is valued at $1.048 billion while at the same time, Gevo boasts of a cash balance of $530.6 million. Hence, almost half of its market value is made up of cash.
Although it is true that the company has given considerable publicity to the 595 patents as well as the patent applications under its belt, it is still hard to put a financial value on it.
The patents were valued by Peak Value IP and it was revealed that the patents were worth $400 million. However, it is not entirely reliable considering the fact that Value IP might have been paid by Gevo to conduct the study. Experts suggest that the stock should not be trading at more than $3.28 a share at this point.
Finance and Tech Contributor