r/stocks
Anyone looking at Boresight after today's IPO? Worth buying in?
Author asks if Boresight's IPO is worth buying after shares jumped from 20 to 35 cents, noting decent revenue but lumpy defense tech sector.
- Shares surged quickly post-IPO, showing strong initial market interest.
- Decent revenue for a small-cap company.
- Niche product aligns with current demand in drone and defense sectors.
- Defense tech sector can be lumpy and unpredictable.
- Low-priced penny stock IPO carries high volatility and hype risk.
Hey everyone,
Just saw that Boresight listed today and the shares shot up pretty quick. They make low cost drone targets for military counter drone training basically realistic cheap drones that forces can shoot down or test systems against without burning through expensive gear. Sounds niche but with all the drone stuff in the news lately it might have some legs.
IPO was at 20 cents and it's already trading around 35 cents or so from what I saw.
Anybody done any digging on them? Revenue looks decent for a small cap from what I read but defence tech can be lumpy. Would love to hear if this is something worth a small position or just hype. Thanks!