Price DeclineLight volume continues and the share price has fallen from $1.21 to $1.07 in short order with an average daily volume of only 20,000 shares traded vs. the stocks usual 75,000 to 80,000 shares traded daily range. Management has their work cut out for them if they are going to turn this sinking share price around. I'm sure RN would agree that a sinking share price implies a sinking ship!
So far the market is being proved correct since the company hasn't been doing much of anything to support its stock. I recognize that its quiet period, given earnings are due, but even a statement saying that trading has been unusual AND/OR that the share price is not reflecting fundamentals AND/OR perhaps even an earnings pre-release with ideally an uptick in guidance for 2022 if things are as robust as SA suggested in December at the investor conference. Investors like myself want to see some evidence before increasing our stakes and blamming the share price decline on a now past tax loss selling season or on previous insider selling has clearly proven to be hogwash. And management can't go blamming the market either, that is a cop-out. given the firms trading multiples are no where near the peers management has mentioned.
So to SA and management of THNK, the market has spoken and they are decidedly not in favour of what they see the company or its leaders doing. Will the market be proved right? How will you respond? Will you even respond?