Stocks to Buy - August 2020

Its time to do an update on the hot stocks I'm watching and the stocks I own into August 2020.  August is an average month for the stock market, normally up 0.60%.  Dating back to 1928, September is the worst month for the S&P 500.  The S&P has an average decline of 1% in September so keep that in mind as you're investing/trading.

#1 - Eastman Kodak (KODK) - KODK rallied from $4-$60 in the last few sessions on titanic volume.  Today alone, KODK was halted 20 times due to the volatility in the stock.  I don't believe Kodak is worth anything north of $15 but when you have high demand and low supply due to positive news, you can easily see this type of move.  KODK is likely done for now but I will be watching resistance between $41-$42 as well as between $47-$48, both levels failed Wednesday afternoon.  On the downside, if $19-$22 is retested, you could easily see a large bounce.

#2 - Kandi Technologies Group, Inc. (KNDI) - KNDI is the new hot stock after the company released news just hours before the close.  Shares are gapping higher in after market trading, up another 40%.  KNDI will have resistance around $14, $14.90, and then a large area between $16-$18 and then the record high is up at $22.53.

#3 - Grayscale Bitcoin Trust (GBTC) - GBTC, a stock I own, tracks Bitcoin and is up 51% in 2020.  Bitcoin broke through a downtrend and is now facing some minor resistance between 11,000-12,000.  After consolidating for two days, Bitcoin is trying to resume the uptrend into next week.  The key level to watch on Bitcoin is 14,000 and $17.40 on GBTC.  This is my 3rd largest position, below TSLA and BYND.

#4 - Tesla (TSLA) - I recently sold 1/3 of my TSLA at $1,635, paid the taxes, and now I'm hoping to reload in the mid $1,300's.  Battery day is on September 22nd so I only have a very narrow window to get back in.  Otherwise, Tesla stock is likely heading for $2,000 into 2021 and its my largest portfolio position.

#5 - Beyond Meat (BYND) - Beyond Meat (BYND) reports earnings Tuesday, August 4th.  The stock is currently forming a base between $120-$126 heading into the numbers.  The 200 day moving average is down around $104 so if something were to go wrong, this is likely the area of big support.  I have a feeling Beyond Meat will report a surprise profit which could easily send shares back into the $140's.  This one is difficult to predict but I love BYND long term and its my 2nd largest position, only below Tesla.

#6 - Virgin Galactic (SPCE) - SPCE rallied from $15-$27 in one month but is now seeing a correction.  The interior cabin was nice and all but we want to hear that they are done with test flights, have all of their certifications, and are ready to take Sir Richard Branson on the first flight.  I strongly believe that this stock will rip in 2021 and the only risk is another plane explosion.  The potential long term gain is worth the headline risk which could sink the stock 50% in one day.

#7 - Nikola (NKLA) - I started buying Nikola (NKLA) stock last week and have an order to buy more shares at $28.  I'm still expecting some selling pressure due to the insider lock up of shares and warrants.  My NKLA price target for 2021 is $42 per share and I will take a fresh look at the company and stock when it gets there.  While I'm still on the fence on Nikola long term, I see a rebound once this wave of selling ends.

#8 - Hyliion (SHLL > HYLN) - No new news to report since we are still about two months away from the IPO.  There should be strong support between $17-$19 and it will be interesting to see what happens after the public offering.  Based on the technology, I feel like this stock is a bargain right now.

#9 - Vital Farms (VITL) & Li Auto (LI) - These IPO's will begin trading on Friday.  I will likely buy VITL right when it opens and I may even hold half for a few days.  I'm undecided on LI but may buy right when it opens.   Both should see volatility for sure!

#10 - BigCommerce (BIGC) - BIGC competes with Shopify (SHOP), a company that reported blow-out earnings today.  BIGC will go public next week and likely see some nice upside on IPO day.  I plan to buy BIGC right when it opens and may hold half for a few days.

Hot Stocks 2020 - Eastman Kodak (KODK)

Eastman Kodak Company (NYSE:KODK) stock continues to soar today, up another 50% to $12.  After a massive 200% rally yesterday, shares are red hot in pre market and KODK is probably the top stock to trade right now.

Yesterday, Eastman Kodak (KODK) received a large $765 million loan from the U.S Government to fix the medical supply chain.  KODK stock was trading in the $4's and quickly rallied into the $6's.  Right after the open, shares soared to $11.80 before selling off into the close.  Today in pre market, we are seeing a gap up as noted above.

Traders will be eyeing yesterday's high of $11.80 which will act as both support and resistance depending on the opening price.  After $11.80, there is a huge resistance level at $13.27 from 2018.

Try not to fall in love with Kodak (KODK) because its only a matter of time before shares fall back to earth.  These loans never really amount to anything of long term value.

Kodak (KODK) Stock Triples

Shares of Eastman Kodak Company (NYSE:KODK) are rising around 200% to $7.85 on a report of a large U.S loan.  According to the WSJ, Kodak will be receiving a $765 Million loan to fix the medical supply chain to help expedite domestic drug production.

Eastman Kodak (KODK) stock is surging back above the 2020 high of $6.40.  Traders will be watching resistance at $8.25 and if the stock really rips, the 2018 high of $13.27.

Nikola (NKLA) Price Target 2021

Nikola (NKLA) stock continued its decline on Friday--down another 11.84% to $29.92--and is now trading at a record low since converting from ticker symbol VTIQ to NKLA.  While Nikola (NKLA) stock is crashing right now, four Wall St. analysts have an average 12 month price target of $56 per share.  Let's take a look!

Cowen - Cowen & Co has a Buy Rating on Nikola (NKLA) stock with a $79 price target.  The analyst views Nikola as more than just a truck company and likes the fact that Nikola is outsourcing some components to established manufacturers.  This should reduce risk.

Deutsche Bank - Deutsche Bank has a Hold Rating on Nikola (NKLA) stock with a $54 price target.  The analyst indicated the potential for large technical selling (which we are currently seeing) due to investors exercising warrants and the registration of stock.  Once the price stabilizes, this could potentially create an attractive entry point for investors.

RBC Capital - RBC Capital has a Hold Rating on Nikola (NKLA) stock with a $46 price target.  While the analyst cited Nikola's execution risk, they do admit the company is in a unique position with a large addressable market.

JPMorgan - JPMorgan has an overweight rating with a $45 Price Target.  This overweight rating was a upgrade from neutral.  The analyst sees a lot of reasons to be bullish over the next 12 months including the possibility for timelines to be moved up.  

Stocks to Buy - My Nikola (NKLA) 2021 price target is $42.  With the stock currently trading at $30, this represents a gain of 40% on your investment.  NKLA stock was just trading at $42 a week ago and while we might see downside to as low as $25, NKLA is due for a large oversold bounce.

Check out my current Stocks to Buy and sign up for news alerts via email.

Li Auto (LI) Stock IPO Date

Li Auto (LI), the highly anticipated Chinese electric vehicle company, will finally IPO this coming week.  Li Auto (LI) stock will see a lot of demand but the company is releasing 95 million shares to the public on opening day at a price range of $8-$10.  It would have been nice to see 20 million shares at a price of $40-$45 or a much smaller offering but this is what we get.  If the stock trades up to $18 after the IPO, the company will be worth $15.8 Billion.  Low dollar price IPO's are generally not as appealing so it will be interesting to see how the stock market reacts.  I still prefer the VITL IPO also opening this week. 

LI IPO Prices July 30, opens for trading on July 31, 2020.

Li Auto is an innovator in China's new energy vehicle market. They design, develop, manufacture, and sell premium smart electric SUVs. Through their product, technology, and business model innovation, Li Auto provides families with safe, convenient, and cost-effective mobility solutions. They are the first to successfully commercialize extended-range electric vehicles, or EREVs, in China. The first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. Li Auto started the volume production of Li ONE in November 2019 and delivered over 10,400 Li ONEs as of June 30, 2020.

Li Auto is dedicated to serving the mobility needs of families in China. To this end, they strategically focus on the SUV segment within a price range of RMB150,000 (approximately US$21,000) to RMB500,000 (approximately US$70,000). With their growing consumption power, families in China tend to choose SUVs for daily commutes and weekend family trips. As one of the most competitive SUV models in China, Li ONE is well positioned to capture the huge growth opportunity of this segment. They believe that Li ONE offers our customers unparalleled value for money with the performance, functionality, and cabin-space of a large premium SUV but pricing close to a compact premium SUV.

Tesla (TSLA) Technical Analysis - July 27, 2020

Tesla, Inc. (TSLA) reported blow out earnings on Wednesday and while the stock initially popped, we are now seeing a correction.  Whether this is related to the massive run from $1,000 or the overall weakness in tech stocks, its something we need to watch closely.

Tesla (TSLA) is my top stock to buy right now due to this correction and I will be targeting $1,355 or lower on Monday and Tuesday.  If you recall a few weeks ago, I sold 1/3 of my Tesla position because it rallied so high so fast that I thought a correction was coming.  After all, Tesla (TSLA) stock nearly hit my 2021 price target of $1,800--a price target I might have to upgrade as we get closer to 2021.

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Aside from my news feed, I have a page on Tesla (TSLA), Beyond Meat (BYND), IPO Calendar, and Stocks to Buy.  I will be adding more pages in the future.

Vital Farms (VITL) Stock IPO Date: Opens Next Week

Pasture-raised egg producer Vital Farms plans to IPO next week under the ticker symbol "VITL."  VITL stock should be a Hot IPO as the company hits on a lot of key areas such as ESG, Organic, Cage-Free Eggs, and seems to go above and beyond to treat their hens with dignity.  The company isn't releasing a lot of shares so it has the potential to be a home run just like Beyond Meat (BYND) was.

Vital Farms (VITL) IPO Details:

IPO Price Range: Likely $18-$20
Float Shares:  7,812,500 (8,984,375 fully purchased by underwriters)
Share Outstanding: 39,175,767
Sales:  $140.7 Million in 2019 vs $106.7 million in 2018
Gross Profit: $42.9 Million in 2019 vs $34.8 Million in 2018

Vital Farms is an ethical food company that is disrupting the U.S. food system. They have developed a framework that challenges the norms of the incumbent food model and allows them to bring high-quality products from their network of small family farms to a national audience. This framework has enabled Vital Farms to become the leading U.S. brand of pasture-raised eggs and butter and the second largest U.S. egg brand by retail dollar sales. Their ethics are exemplified by their focus on the humane treatment of farm animals and sustainable farming practices. Vital believe these standards produce happy hens with varied diets, which produce better eggs. There is a seismic shift in consumer demand for ethically produced, natural, traceable, clean-label, great-tasting and nutritious foods. Supported by a steadfast adherence to the values on which Vital was founded, they have designed our brand and products to appeal to this consumer movement.

Tik Tok Stock Would be a Red Hot IPO

When will Tik Tok IPO?  A Tik Tok stock IPO would be the hottest IPO since Facebook (FB).  The question many people across the world would like to know is when Tik Tok will go public. 

Right now however, there are major security concerns so they would have to clear some of these issues up before a potential IPO.  In fact, the U.S Government is considering a ban on the Tik Tok app which would shut down any American-Listed Tik Tok IPO.

Tik Tok is a private company owned by Chinese company ByteDance.  The company was founded in 2012 and merged with the popular music app called Musical.ly.  This merger fueled massive growth because musical.ly was very popular in the USA and now Tik Tok has office all around the world.

We will be keeping tabs on the latest developments in 2020/2021 but one thing is for sure;  if Tik Tok decides to go public, it was be close to the value of Facebook (FB) and be one of the hot ipo's of all-time.  I would be a buyer of the Tik Tok stock IPO for sure!

Jamf Holding (JAMF) Stock IPO Coming Soon

Jamf Software (Jamf Holding) will IPO this week under the ticker symbol "JAMF."  The JAMF stock IPO should be well received because they are an Apple (AAPL) Enterprise Management software company and have over 40,000 customers.

Jamf is the standard in Apple Enterprise Management, and their cloud software platform is the only vertically-focused Apple infrastructure and security platform of scale in the world. They help organizations, including businesses, hospitals, schools and government agencies, connect, manage and protect Apple products, apps and corporate resources in the cloud without ever having to touch the devices. With Jamf's software, Apple devices can be deployed to employees brand new in the shrink-wrapped box, set up automatically and personalized at first power-on and administered continuously throughout the life of the device.

Jamf was founded in 2002, around the same time that Apple was leading an industry transformation. Apple transformed the way people access and utilize technology through its focus on creating a superior consumer experience. With the release of revolutionary products like the Mac, iPod, iPhone and iPad, Apple built the world's most valuable brand and became ubiquitous in everyday life.

Jamf believes employees have come to expect the same high-quality Apple user experience at work as they enjoy in their personal lives. This is often not possible as many organizations rely on legacy solutions to administer Apple devices or do not give employees a choice of device. Jamf's software solutions preserve and extend the native Apple experience, allowing employees to use their Apple devices as they do in their personal lives, while retaining their privacy and fulfilling IT's enterprise requirements around deployment, access and security.

Jamf has built its company through a singular focus on being the primary solution for Apple in the enterprise. Through our long-standing relationship with Apple, they have accumulated significant Apple technical experience and expertise that give us the ability to fully and quickly leverage and extend the capabilities of Apple products, operating systems, or OSs, and services. This expertise enables them to fully support new innovations and OS releases the moment they are made available by Apple. This focus has allowed the company to create a best-in-class user experience for Apple in the enterprise and grow to more than 40,000 customers deploying over 17 million Apple devices in more than 100 countries and territories as of June 30, 2020.

Jamf sells their Software-as-a-Service, or SaaS, solutions via a subscription model, through a direct sales force, online and indirectly via our channel partners, including Apple.

Jamf Holding (JAMF) IPO Details:

Float Shares: 16 million (18.4 million fully purchased)
Shares Outstanding: 116.4 Million
IPO Price Range - $21-$23

While we've seen the IPO market cool off recently, it will be interesting to see how Jamf performs being so linked to Apple (AAPL).  JAMF will be the IPO of the week so watch this stock closely!

IPO Calendar Week of July 20, 2020

Keep up to date with the most recent and new IPO's coming soon.  Below is list of new IPO's coming public next week:

Jamf Holding (JAMF) - NASDAQ
Skillful Craftsman Education (EDTK) - NASDAQ 
Montrose Environmental Group (MEG) - NYSE
Harbor Custom Development (HCDI) - NYSE

Jamf Holding (JAMF) will be the hot stock IPO to watch as the company makes software for Apple (AAPL).

For a full list of upcoming IPO's, visit - https://stockstobuy.org/ipos

Is Moderna (MRNA) Stock a Scam?

Is Moderna (MRNA) stock a scam?  Serious question!  While they have been releasing positive Covid-19 vaccine data over the past few months, company insiders have been dumping stock as fast as they can.  Here is a look at the insider sales below:

July 2020 - Over 40 insider sales amounting to over 200,000 shares sold
June 2020 - Over 40 insider sales amounting to over 200,000 shares sold
Largest Insider Block Sale - Lori Henderson sold 64,000 shares at $63.03 for 4.03 million on June 18, 2020.

This is only two months!  Moderna (MRNA) insiders have been selling large amounts of stock all year.  At the very least, it is a major red flag and the SEC should investigate!

We will keep an eye on this situation and report an update in 2021.

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Stocks to Buy 2021

Genetic Technologies (GENE) Stock Down in Pre Market

Genetic Technologies (GENE) stock is down 8% to $5.20 in pre market trading today after shares surged 151% to $5.67 on Wednesday.  The company announced it had filed a provisional patent for its COVID-19 Severity Risk Test with the Patent Office in Australia.

Right after the news announced yesterday, GENE stock jumped to $3.10, up 38% but later soared on heavy volume to over $10 per share.

Looking forward, GENE will have support around $4 per share so look for buyers to potentially step in there.

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Stocks to Buy 2021

BigCommerce (BIGC) Stock IPO - The Next Shopify (SHOP)?

July 15, 2020 - Online ecommerce company BigCommerce plans to IPO in the coming months under the ticker symbol "BIGC."  BigCommerce (BIGC) stock will be red hot because the company is a smaller version of Shopify (SHOP) and Wix (WIX) which have seen massive gains since coming public.  BigCommerce (BIGC) is one of those IPO's that you buy a little bit on opening day and lock it away as a long term investment.

BigCommerce is a technology company which provides customers with a Saas platform.  They provide web hosting, SEO services, and a lot of the same services that Shopify (SHOP) offers.

BigCommerce is leading a new era of ecommerce. Our software-as-a-service (“SaaS”) platform simplifies the creation of beautiful, engaging online stores by delivering a unique combination of ease-of-use, enterprise functionality, and flexibility. We power both our customers’ branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale (“POS”) systems. As of June 1, 2020, we served approximately 60,000 online stores across industries in approximately 120 countries.

BigCommerce operates at the forefront of a world of commerce that is changing rapidly. The transition from physical to digital commerce constitutes one of history’s biggest changes in human behavior, and the pace of change is accelerating. According to eMarketer Inc. (“eMarketer”), retail ecommerce was nonexistent in the early-1990s and grew to approximately 10% of all global retail spending in 2017. They predict it will take just six years for this percentage to more than double to 21% of global retail spending in 2023, as shown in the chart below. The growth in ecommerce has no end in sight.

BigCommerce IPO Details:

Revenue Run Rate 2019 - 128.5 Million
Revenue Run Rate 2020 - 137.5 Million
IPO Offering - They want to raise $100 million
Potential Float Shares - 30 million
More details to come when the company files an updated S-1

Tesla (TSLA) Earnings Preview - July 22, 2020

Tesla (TSLA) Earnings Preview for July 22, 2020

Shares of Tesla (TSLA) continue to rebound into earnings after a massive $365 drop from $1795.  All eyes are now on earnings which will set the tone into the Battery Day event on September 22nd.

Tesla (TSLA) already announced deliveries of 90,650 vehicles in Q2 despite the Fremont, CA plant being shut down for nearly two months.  If the company can report a fourth consecutive profit, they should finally be added to the S&P 500.  The inclusion into the S&P alone could propel the stock significantly higher but I suspect a lot of big funds already took a position.

Wall St. analyst's are expecting the average numbers below:

EPS - (-$0.71) loss
Sales - $5.14 Billion

Any large beat will light a torch under the stock again.  If the company can deliver almost 91,000 vehicles during stressful conditions and a partial shutdown, imagine what they will report in Q3 2020.  Tesla (TSLA) is about to start a massive growth cycle with new products coming to market in 2021.  All pullbacks remain a strong buy and that is what I plan to do if we see any downside below $1200-$1300.

Li Auto (LI) Stock IPO - Chinese EV Electric Car Company

July 11, 2020 - Chinese EV electric car company Li Auto plans to IPO this month under the ticker symbol "LI."  The rise of Tesla (TSLA) has lit a fire under electric car stocks recently with shares of Tesla (TSLA) jumping 270% in 2020.  Nio (NIO), which is Li Auto's rival in China, has seen a rally of 272% in 2020.

Li Auto (LI) stock will be red hot when it opens in a few weeks.  While I'm always skeptical of China stocks because of accounting scams, this IPO is worth trading if you don't want to invest like me.  I will be updating this post with more information when it is released.  Keep an eye on LI Stock!

Li Auto (LI) is an innovator in China's new energy vehicle market. They design, develop, manufacture, and sell premium smart electric SUVs. Through their product, technology, and business model innovation, Li Auto provides families with safe, convenient, and cost-effective mobility solutions. They are the first to successfully commercialize extended-range electric vehicles, or EREVs, in China. Their first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. They started the volume production of Li ONE in November 2019 and delivered over 10,400 Li ONEs as of June 30, 2020.

Li Auto (LI) IPO Details:

Coming Soon.......

Buy SPCE Stock? Virgin Galactic is red hot!

July 10, 2020 - Should I buy Virgin Galactic (SPCE) stock?  Virgin Galactic (SPCE) stock is red hot right now and shares appear to be breaking out of a four month trading range.  As I write this blog post, SPCE stock is trading at $19.80, up from the $15's last week

I've been trading Virgin Galactic (SPCE) stock a lot in 2020 but recently decided to stop and hold my shares purchased in the $15's for the long term.  The news continues to improve and this is the only publicly traded pure-play Space stock.

I love they have a NASA deal and will begin flying people to Space but I believe the larger opportunity is to fly people from continent to continent in just a few hours.  This is 3-5 years away but would be a massive opportunity for business travelers.

Long story short, I continue to recommend Virgin Galactic (SPCE) stock as a strong buy below $16 for the long term.

GoHealth (GOCO) Stock IPO - Health Insurance Marketplace

July 10, 2020 - Health Insurance Marketplace company GoHealth (GOCO) plans to IPO under the ticker symbol "GOCO" next week.  GoHealth (GOCO) stock should see a lot of action as the company is growing fast and is a much larger, well-established company.  Look for the GOCO IPO to open for trading July 16 or July 17, 2020.

GoHealth (GOCO) a leading health insurance marketplace whose mission is to improve access to healthcare in America. Their proprietary technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. Their differentiated combination of a vertically-integrated consumer acquisition platform and highly skilled and trained licensed agents has enabled us to enroll millions of people in Medicare and individual and family plans since our inception. With over 10,000 Americans turning 65 years old every day and GoHealth’s track record of significant growth in net revenues in the Medicare space in the past five years, they believe they will continue to be one of the top choices for unbiased insurance advice to help navigate one of the most important purchasing decisions individuals make.

GoHealth (GOCO) IPO Details:

IPO Price Range: $18-20
Float Shares: 39.5 Million Shares
Total Shares Outstanding: 313.2 Million
2019 Sales vs 2018 Sales:  231.01 Million vs 226.2 Million
Q1 2020 Sales: 141 Million

As you can see, GoHealth saw flat sales from 2018-2019 but they now appear to be exploding.  I'm sure there is a good explanation for this but its one red flag to keep in mind.  Trading IPO's is a lot different than making them long term investments.  For now, GOCO is a trade consideration but I wouldn't invest in the company.  Lemonade (LMND) is a company worth investing in at the right price (below $50 on a huge correction).

Watch out for the NCNO IPO - https://daytradingstockblog.blogspot.com/2020/07/ncino-ncno-stock-ipo-cloud-software-for.html

Biggest Stock Gainers 7/9/20 July 9, 2020

Today's Biggest Stock Gainers - July 9, 2020

Birks Group Inc (BGI)
Nuzee Inc (NUZE)
Altimmune Inc (ALT)
Dolphin Entertainment Inc (DLPN)
Senmiao Technology Ltd (AIHS)
Golden Bull Ltd (DNJR)
Veritone Inc (VERI)
CleanSpark Inc (CLSK)

HYLN IPO coming soon - https://daytradingstockblog.blogspot.com/2020/06/hyliion-shll-hyln-stock-ipo-next-nikola.html

nCino IPO coming soon - https://daytradingstockblog.blogspot.com/2020/07/ncino-ncno-stock-ipo-cloud-software-for.html

nCino (NCNO) Stock IPO - Cloud Software for Banks

July 8, 2020 - Cloud Software Technology company nCino plans to IPO next week under the ticker symbol "NCNO."  NCNO stock should be hot as the company is growing fast and only releasing a limited amount of shares during the initial public offering.  I'm expecting NCNO shares to open for trading on July 16 or July 17.  This IPO date could change so stay tuned....

nCino is a leading global provider of cloud-based software for financial institutions. nCino empowers banks and credit unions with the technology they need to meet ever-changing client expectations and regulatory requirements, gain increased visibility into their operations and performance, replace legacy systems, and operate digitally and more competitively. Their solution, the nCino Bank Operating System, digitizes, automates and streamlines inefficient and complex processes and workflow, and utilizes data analytics and artificial intelligence and machine learning (“AI/ML”) to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. They serve financial institution customers of all sizes and complexities, including global financial institutions, enterprise banks, regional banks, community banks, credit unions and new market entrants, such as challenger banks. nCino customers deploy and utilize our digital platform, which can be accessed anytime, anywhere and from any internet-enabled device, for mission critical functions across their organizations.

nCino IPO Details:

IPO Price Range: $26-$28  (Company says $24 but this will rise)
Float Shares: 8,768,750 Million after underwriters purchase 1.15 million shares
Total Shares Outstanding: 89,208,127 shares (or 90,351,877 shares if the underwriters exercise)
2019 Sales vs 2018 Sales:  91.5 Million vs 58.14 Million
Projected 2020 Sales: 138.2 Million

Based on the details above, nCino (NCNO) is growing fast and there is a limited supply of stock hitting the market.  I will be looking to buy for a trade when it first opens.