Warning: If you are using fintech websites to select stocks, beware because these "sophisticated" sites (cough) are reporting erroneous data. Take the popular site, FINviz, for instance. Finviz reports $RADX (see attached) has a market capitalization of $75 million dollars. (sounds cheap, right? maybe even undervalued?) But you can't rely on the data, you need to read the SEC filings to find the correct information. Did you know that RAD has 2.3 billion shares outstanding and RADX converts to 300 ordinary shares of RAD? Contact me to assist you, it's worth every penny.
Yesterday I came across the top performer RADX RadioPharm Theranostics. I checked out most of the fintech websites and found everyone was using the wrong amount of shares outstanding, which made the market capitalization data incorrect. Other sites like ZACKS and other automated "research sites" also used the wrong data. (Analyst and Investors appears to be lazily counting on automation and not manually diving into the SEC filings).
I alerted Howard Lindzon in the afternoon before the market closed to the discrepency. Today, RADX is one of the biggest losers in the overall market down 50%.
(I'm not going to make it easy for you, Go try to find the FY2025 10K, start there)
If you are long stocks, especially the institutions, and your analyst aren't catching these errors and you have billions of dollars of investors' monies (including pension funds) you better rethink those year end Christmas Bonuses and maybe hand out pink slips.
On another note if these fintech monster companies fetching multi million dollar valuations can't calculate properly, then how much is EQUITIES RESEARCH worth?
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