RE:Let me see....we have 8 institutional analysts Maybe go and read what those same analysts have been saying for over a year. Maybe almost two years now. The same analysts had a buy rating at 28 and 29. Hope you didn't listen to them then. Analysts change their tune like the weather. Oh and just another day of the engine leaking more oil. Don't think that was mentioned by the analysts was it?
45% capacity is break even?? Break even for running the business today maybe but not break even for replacing the 2 years of running at 15% capacity and burning double digit millions a day. C'mon let's get real on the fact that losses went on waaaay longer than expected thus the return will take that much longer. It's pretty simple really. Hype may drive this higher. That's always a possibility but actual value will take a long time to return. Is it a reasonable long play? Maybe. Is there potentially a much lower entry point. Also maybe. I wouldn't say there is any urgency to buy right now that's for sure. Looks like the selling continues no matter what your favorite analysts are preaching.
So hype may drive this but financials will not make this company worth 40 and 50 dollars a share for years yet not months and there could be a lot of things to make that not happen. Competition, another market catstrophe, inflation spike, etc.