) is doing incredibly against expectation over the past year and, in response, has been overbought by the market. They're outperforming competition by a wide margin, so I'm anticipating steady, longterm growth, though the immediate pull-back following this afternoon's earnings
announcement could continue for a day or two, with former executives looking to capitalize on their current share value and institutional money looking to cover recent losses in other industries.
The coincides with a quasi-Elliott wave, likely conflated by the meme-stock fanfare, which could lead into a regression to the mean. Taking into account COVID and the affect of WFH culture, this could take RNG
up over $500 around the end of March, with a subsequent pullback to current levels by earnings
This could then be followed by another stretch of growth, judging by the company's massive revenue growth over the past year.