Nice to See Some Movement It's nice to see some positive movement for Empower ...especially outside of the release of a NR. One of the keys for this may be found on the metrics from Morningstar. The Fair Value sp is $.47 as of market close yesterday. The 1-star price where the stock would be considered overbought and overvalued currently sits at $.80 ....no surprises there as more news and positive financials will be the catalyst for reaching and exceeding this.
On the other hand the 5-star price where the stock would be considered significantly undersold and undervalued is actually higher at $.28 than the current sp. While this is no surprise to longterm investors of Empower, is it one of the catalysts for the recent interest and resurgence of trading volumes and sp. Interesting that this coincides with resistance levels diverging from $.26 to $.30.
Investors know that good news is on the way and that Steve has made a concerted charge to ensure annual financials are released on time this year. The first half of 2022 should be very exciting.
GLTE ....holding patiently!!!