I see lots of SP guesses for #HMBL ranging from trips to $100s of dollars. But where are they coming from? Guesses? Comparisons with near competitors? It's extremely difficult because #HUMBL is unlike anything we've ever seen. Having said that, here's my uneducated opinion 1/x
Understand there are lots of assumptions and many variables that go into this but starting with basic formulas and working with past examples, we can get a general idea at least. To begin with I'll start with a basic formula that most have probably seen. 2/x 
Using this basic formula, and plugging in numbers will narrow a window. First of all, let's start with the industry Humbl has entered. FinTech. That's a pretty established industry but does have a wide range of companies. But there is an historical avg P/E ratio we can use. 3/x
The FinTech industry has an P/E ratio of just over 14. Does that mean that's where Humbl will end up? No, it could be less since it's new, or much higher because it offers so much more. 4/x
Now what about Earnings per share. Well that's where we play with some numbers more than anywhere else. The formula for figuring out EPS is here: 5/x
HMBL doesn't offer dividends so we're looking at Net Income/OS. Now let's just take the great news of the ETXs coming out. How can that affect the SP? Lets pretend they somehow get up to 150M subscriptions. Is that high? Maybe? Maybe not. So 150M x $5/month x 12 months = $9B 6/x
If we take $9B (net income) and divide it by the Outstanding shares of 975M, you get 9.23 for EPS. 7/x
So to finalize an estimate of what the ETX alone could mean to the HMBL stock price, I multiply 9.23 x an average FinTech P/E ratio of 14.23 and you get a little over $131. And that doesn't take into consideration any of the other revenue streams 8/x
Yes, as I mentioned before, there are some assumptions made with the P/E ration and guesses on the subscriptions but you get an idea of the potential of this stock and maybe how you can play with some numbers to get a SP estimate of your own. Good luck all! END
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