Romeo Power simply said will do revenue between $18-$40M which was confirmed on the last conference call.
The stock price currently values the market cap at 15x the high end of this years guidance
Here is why I think the stock should trade higher.
1)The company just announced a new CEO
2) The company just signed an agrrement with with LG to supply lithium Ion batteries through 2028
3) The stock has a very high short interest rate at 25% with more than 20M shares This was trading between $9 and $10 just 2-3 months ago. The stock is trading at roughly $5 so the short value to the downside is now just $5 if you think the company will go to zero , They currently have revenue and they have 200M of cash .
4) the stock showed support right at $4.09 so we are now near the bottom .