come on, man. Don’t start bringing up Citron like his opinions are unbiased and fact-based (especially if you’re bullish). His livelihood is rooted in trashing companies. I’m not sure why you feel there’s a rush all of a sudden. The demand for streaming content isn’t going anywhere, and the company is making tangible progress.
Folks use P/E as a means to valuate a company in the growth/establishment phase. Genius is in the start-up phase of a revamped business plan, so there’s really no reason for anyone to be looking at the share price as it relates to current earnings. If that was the case, NKLA stock should be values at $0, because they literally have no earnings. No one should be expecting “impressive” revenues until next year.
I’ve been saying Q2 2021 ER should give us a better feel for what the company’s prospects will be moving forward.
Also, remember the Balance Sheet💪🏾