RE:Reason for decline/Two year targetHere are my thoughts:
1) Three straight quarters of declining revenue YoY. Might be four in a row when Q1 gets released.
2) Public schools and bussing all messed up due to covid. If kids aren't being bussed full time, where's the urgency to buy GSI products?
3) Public transit ridership remains in the toilet. Same as above, no urge to get GSI products on-boarded until ridership levels improve.
4) Macro markets are shaky, so many investors look for large stable corps to buy into. Less demand here equals drop in price.
5) No financing done, so no analyst coverage, so no new money, so mostly existing shareholders buying and we can only buy so much.
6) Lazy focused? Hard to say as little communication or progress updates.
7) Current share price is reasonable, high insider ownership, lots of potential remains.
GLTA.