RE:This stock is so frustratingUnfortunately this stock is still in the penalty box.
The acquisition was expensive but the CEO was promising synergies and higher margin revenue. That is coming together but investors were expecting positive earnings by now.
Also many who were holding got burned pretty bad with the reverse split so that left a bad taste as well.
I have my fingers crossed for a positive Q3 report but this may not happen till Q4. Until earnings turn positive, this stock doesn’t even pass the initial screening for most institutional investors.
So for many this is a wait and show me stock now. We need a solid couple of quarters of positive earnings to regain investor confidence and get on the radar of the big institutions. Then it’s off we go.
If that happens in the next 2 or 3 quarters those $30 targets will look a lot more realistic. To be honest I expect to be at $30 this time next year with targets much higher.
Looking at the chart and how we are holding the long term trend I think many others are expecting the same. Nice upside potential here.
GLTA