Q: What is the expectation on growth and share price with the Nasdaq news? What would be a good entry point?
5i Research Answer:
Nasdaq listings cause lots of excitement but do not always translate into big sustainable stock price gains. DEFI remains a small company by US standards, but is certainly cheap and could get attention over time, depending on how the sector progresses. It is growing fast and compares well with peers. About 20% EPS growth is expected over the next year. The stock has added 27% in two days, and we would like to see it settle back closer to $5 to get more interested. However, it reports tomorrow so volatility may stay very high depending on results.