YTDSome really interesting trends in the sp of THRM since the beginning of the year when anticipation and the markets were moving to 5 year highs. On an almost monthly basis and connected to a significant NR for each period there is a steady rise up and then a slow decline ...repeatedly. This led to an overall decline until the bottom on July 19, 2021.
Since July 1, 2021 the same pattern has continued except each succesive decline is higher than the one before it. Not only is each low higher than the previous cycle, but so are the highs. THRM is slowly trending upward. During this time daily trading volumes have been relatively small (compared to the number of outstanding shares) but consistent ....rarely below 350,000 shares or above 1,000,000 shares.
Of course with trading in low voliumes comes day traders interested in "lunch money". Even they seem to be trading in an environment presenting an upward trend.
Interestingly the Barchart sentiment has returned to 24% BUY territory after a week of SELL. At the same time Morningstar's Fair Value sp has jumped back up to $.54 with a 1-star speculative valuation of $1.20 on a significant NR.
Clearly most investors of all stripes are holding their shares ...this pattern could be quite a significant launch pad timed with an NR on FDA EUA approval and/or contracts. In the meantime an update on Venowave manufacturing and sales would be a great catalyst to maintain this momentum.
GLTE!!!