Hey there,
I really like what MAGT is doing. I like industry disruptors and MAGT certainly fits the bill given its inroads in cybersecurity. It is a service that is likely in high demand so i see lots of potential with them. They did however, get a little ahead of themselves earlier this year and the share price is now reflecting that. Especially in light of the current bear market for small caps and tech stocks that had big runups.
Its still not cheap - trading at 123 times earnings and 15 times forward sales, but it is much more respectable now that it was a few months ago. As a newly listed company, it is likely going to be volatile around earnings. This means that it could move big in either direction depending on the results. For a company like this and so close to earnings, I'd be averaging in - taking a partial position before and again after. Overall though, I think this is a really good company.
Mat