FRSX - Foresight: Larger Competitive Moat Needed To Justify Valuation

• Last year's boom in technology stocks (particularly EV and microcaps) may be becoming a bust.
• Small companies without revenue such as Foresight Autonomous have skyrocketed in value without material fundamental improvement.
• Foresight's ADAS technology is certainly innovative, but it is not clearly superior to the R&D projects of larger more vertically-integrated firms.
• Without a strong technological moat and proven sales, Foresight's nearly half-billion dollar valuation is difficult to justify.
• FRSX may be a short opportunity, as short-term speculators take profits on microcaps.

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