Update shared on 20 Dec 2025
Fair value Increased 6.88%Cover continues to lavishly spend while failing to produce any trackable data involving current live services still under development (ie. HoloEarth, Hololive RECORDS, and their (third) attempt at a "Fanclub" premium service). While heavily pushing and proud of their TCG, the use of this talking point overshadows many darkening clouds on the horizon. Assuming they hit forecasted revenue marks with a minimum of 12% Net Profit, they "should" hit their Q3 earnings producing a spike in valuation. Cover's facing heavy volumes of short trading which could produce increased volatility going into 2026. Valuation slightly increased on performance leading up to and after the BoJ rate increase. Margin buying continues to hold at a high level showing increased confidence in positive momentum.
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