- 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.
For further details see:
Foresight: Larger Competitive Moat Needed To Justify Valuation