Q: Peter and His Wonder Team
They just got a new contract of 50M for next year. I know they are up 80%+ for the year. Do you think this good news is already baked into the price. There new high already exceeds analysts forecast for next year. Your thoughts please. Thank you!
They just got a new contract of 50M for next year. I know they are up 80%+ for the year. Do you think this good news is already baked into the price. There new high already exceeds analysts forecast for next year. Your thoughts please. Thank you!
5i Research Answer:
The contract represents 10% of annual revenue, however the term of the contract was not disclosed so it is not likely all in one year, and only starts 'mid 2026'. Considering the stock rose 5.6% on the news, we would consider this particular announcement priced in.