#ITM considerably overvalued
On Fundamentals, in my view ITM is currently well above fair value, on 28th Jan 21 they released an earnings update for p.end 31 Oct 20, which states EBITDA loss of £10.4mln but having an mcap of over £3.2bln! (that's right!)
I understand the hype of Hydrogen, but this is just insane is it not? Let's discuss if you think otherwise.
Anyway, looking at the graph we can see clearly support at 550p, which has broken. It does look like we have a flag forming, but for now, I think it will fall to 362p region.
Please comment below.
I understand the hype of Hydrogen, but this is just insane is it not? Let's discuss if you think otherwise.
Anyway, looking at the graph we can see clearly support at 550p, which has broken. It does look like we have a flag forming, but for now, I think it will fall to 362p region.
Please comment below.
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