TPGY is a Spac that will be EVBox as of the merge will be completed, probably this Q1 of 2021.With the enormously growing range of electric cars, this is a very promisable company with a huge potential. . The biggest biggest flexible charging solution in the EU WEST and EAST. EVBox has around 200,000+ charging points worldwide that is now also focussing on growing in NAM. There is some competition, but the fastly growing market makes me bullish.
Please note this is not financial advice just a technical analysis. If you agree and like this technical analysis then like and support me! Would like to hear others ideas regarding this stock.
according to documentation released, the company is valued around 1b$ and 425M$ will be made available as part of the merger deal, minus 300M$ debt. Total company value after merger = 1,1B$. Taking 45M shares outstanding, a calculated value would be around 24,5/share. problem I find is that information found on different sites is different. not everybody reports debt, most others I find report only 35M outstanding shares...
VineetRawat
⋅
timewise when do I think it can hit $32 mark
pietchkietch
⋅
@VineetRawat, thanks for your comment. Based on the fundamentals I would see a massive increase when the merge is complete. Bases on the technical analysis i woud say somewhere between 15 Feb and 28 Feb it could hit the PT of $32. This is no financial advise, but it is indeed a good moment to get in. I dont think it will go lower than 24 dollars .. What do you think?