RE:RE:RE:RE:RE:RE:BUYStock continues to trade at low volumes right now. Does this point to stock manipulation and capitulation of sellers at this price? Definitely a possibility. Avigilon is a strange one though. When you think you got a beat on it, it does something unexpected.
I strongly believe at this point you are not going to see a sustained surge in share price without a significant catalyst. Investors have been dragged through the mud, which helps shorts knock the stock down on any news even slightly negative or even without news coming out at all.
Fundamentals look good to me. Sure their growth has not been astronomical like previous years, but it is still extremely good. If they can maintain their strong gross margins, keep their current growth pace, and hit a 500M run rate, one would think the share price has to eventually come up for air. If they hit these targets and the share price is still in this range you are looking at a P/S of near 1. That would be quite undervalued for a growth stock IMO.
Just one person's opinion. Bottom-line is if you believe in the stock, just wait it out. Those who poop the bed over the these short-term fluctuations should sell. If you trust the fundamentals of Avigilon and like the potential in the industry for growth, then you are going to need to take a longer perspective on this stock. The volatility will continue until a consensus earnings beat comes out. From there I think you will see stabilization and see the stock move back up. Shorts will also start covering. It sucks to see the share price falling, but as aforesaid, it should be expected.
A few other notes:
- I emailed IR about 3 weeks ago asking a few questions on their plan and the current share price but received no acknowledgement or reply at all.
- Is this Activist person and Bpultra the same person? Seems like a bunch of pointless rambling from both.