Is Brainchip overvalued?

Market Cap (24-Jun) $387,168,288 (293rd)	Close (30-Jun) $0.365 0 (%)	Volume (30-Jun) 5,822,328	Shortsold (26-May) 56,942,227 (2.50%) (132nd)
52w High $0.270	52w Low $0.125	P/E -	EPS -0.01

10 posts

This stock feels really overvalued to me. Shorts seem to be reflecting that also.

Is this really a growth stock? BRN seems to be burning $3m+ per quarter, with a decline on quarterly receipts (just $1m per quarter!).

I am struggling to see the $900m market cap here. Anyone agree?

BRN was $0.54 at the close prior to posting, it is now around $0.17 (31.78%) lower · NotLikeThat had a none/not held disclosure

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Date	Close	Volume	Change
18-Sep	$0.20	3,525,886	+0.01 (2.56%)
12-Sep	$0.20	6,375,014	+0.01 (2.63%)
11-Sep	$0.19	8,614,798	-0.03 (13.64%)
05-Sep	$0.22	8,453,173	+0.01 (2.33%)
04-Sep	$0.22	12,248,555	+0.02 (7.50%)
03-Sep	$0.20	2,035,520	0.00 (2.44%)
29-Aug	$0.21	5,071,066	+0.01 (5.13%)
28-Aug	$0.20	8,431,879	0.00 (0.00%)
22-Aug	$0.20	5,598,672	+0.01 (2.63%)
21-Aug	$0.19	1,715,612	-0.01 (2.56%)
15-Aug	$0.20	4,670,223	0.00 (0.00%)
14-Aug	$0.20	10,897,036	-0.02 (7.14%)
07-Aug	$0.21	6,276,608	+0.01 (2.44%)
31-Jul	$0.21	7,229,169	0.00 (0.00%)
30-Jul	$0.21	12,025,310	+0.00 (2.50%)
8 up, 4 down, and 3 flat days

High $0.37	Low $0.36	Trades 916	Turnover $2,118,060	Volume 5,822,328
30 June 2023 at 4:12pm

High $0.37	Low $0.36	Trades 916	Turnover $2,118,060	Volume 5,822,328
30 June 2023 at 4:12pm

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