Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news.
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space!
If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00.
Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space!
If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00.
Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!