I have noticed that HCMC ranks high in the T212 hotlist stocks (#4 as of this writing). Out of curiosity, and after a quick look into their fundamentals, why are there so many people buying HCMC if the actual market cap is 300M+ with a price to sales ratio of almost 30 and only ~15M revenue which is decreasing (-15% yoy) with increasing debt??
Is it because of the false illusion created from having a big float so people think they own lots of super cheap shares(quantity of shares owned)? Or does it have to be with the patent war going on?
Was wondering what it was since so many people are buying/own it and if i understand what it is i might swing it too. At a 300M+ market cap and PS of almost 30 this is actually not a cheap stock and they seem to have quite a bit of dilution.