We actually wrote about this stock over at our Penny Stock page over on our blog. I'm talking even before Premium existed. I think the stock was in like the $0.20 range?
Crazy how it's gone up so much.
There's no doubt the pandemic is fueling this company right now with online betting. I mean we can look to the fact that theScore Bet posted 535% YoY growth.
My only concern is will this last past the pandemic. I think it will to a certain degree, but I'm not sure of the overall long term impacts of it.
Analyst estimates put this company in the $70 million range in terms of revenue. This puts the company trading at 30 times forward sales, which is a pretty hefty premium to pay.
However, if the growth in their platform AND the legalized and regulated sports betting markets do come through, it could be a cheap price to pay for the company considering their new potential market.