Historical volatility A little bit of history. Acuityads shareholders have been accustomed to crazy volatile share price behaviours. If one goes back to Mar 17,2017 Acuityads price reached a high of $ 5.40 and the "bear" run began soon after. 14 months later on May 10,2018 the share price reached a low of $0.59 or a drawdown of 89.07%
Fast forward some years later.
On Feb 11th 2021, Acuityads reached an all time high of $33.08. Almost 12 months later we are sitting at a share price of $ 3.35. The share price has dropped 89.87%from its high. Pretty much the same drawdown as the one that occurred in 2017/18. Now I ask the question. Are we near the bottom?
The year end financials could be the turning point. My guess would be that much of the negative sentiment regarding Acuityads is already priced into the stock. Historically speaking they have always produced phenomenal results in Q4 and so it could repeat again.
I do believe there will still be challenges ahead. Supply chain issues and the pandemic hit North Americans hard and we might feel this impact in Q4 as well as Q1. I'm still hopeful that the second half of the year we could see some meaningful results.