The question to be discussed today on this blog post, and please feel free to comment with your opinion on this matter, is if shares of Innerscope Hearing Technologies $INND INND are currently undervalued. Undervalued stock picks can be found out here, though I must caution readers that I can only present information and an opinion that is not investment advice.
For me, I like the pullback here that INND has at the current level. I am much more likely to say INND is an undervalued stock pick now that we are back to .07 per share or so. To be honest, I would rather be a buyer of the stock around .05 but with its growing revenue, I am not sure that we will see that level anytime soon.
Sales reached $125,000 in February of 2019 and that can be read more about here https://www.globenewswire.com/news-release/2019/03/18/1756264/0/en/InnerScope-Hearing-Technologies-OTCQB-INND-Announces-its-Continued-Record-Sales-Growth.html
Based on this, I believe the stock could potentially move higher. What do you all think? I think if revenue grows higher than $1.5 million annualized, that things could really get interesting around here. As always, time will tell the true story. Full disclosure I do not own any shares of INND.
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