From earnings to earnings, PUBM is dropping to new drop zones.
Charts show, between each drop zone, it sheds about 23-33% share price.
Even though their fundamental value come closer to 11.8$ / share, their Net Income is dropping massively.
On top of a headwind against overall Tech stocks, and Ad Tech industry, perhaps only reason why PUBM is still holding most...
Testing 200DMA on a solid volume. If it builds between 200-50 DMAs i.e. 18-14, likely to emerge as a big winner on the long side. Failure here would test the ATL.
Pubmatic is moving in an uptrend channel with a neutral view, but if it breakdown from an uptrend channel or reverses from the support level it can give a good Risk Reward. before entering into the trade always analyze your risk.
This stock gas been such a trainwreck. Company that actually has a nice product and makes money. Earnings coming soon. P/E ratio 15.78. It tried to make it out of the trendline but failed. Now retesting. Let's see.
From what i researched, PUBM PubMatic has the highest short interest in the market, 55.04% of stock float shorted.
That makes it perfect for a short squeeze, taking into consideration also the recent JMP Securities price target of $64.
Maybe it was shorted because the insider Ownership Percentage is extremely high, 89.50%, and institutions wanted a piece of it...
$PUBM Will be adding this to my watchlist. Very oversold. Lockup agreement ends June 1 which should help us complete the downtrend. Upcoming investor conference June 9. Low shares-float and high short-float of 46%. Great risk to reward if position managed properly.
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