RE:Beacon Secrities- cantechletter.com + canaccord
This is starting to look like it's becoming oversold ...at some point, it could get noticed and the stock price could see a sharp sudden increase.
“With new product launches, price increases (which are being accepted by customers), along with cost cutting and cash flow improving initiatives underway, we believe BLN is now better positioned to reach breakeven / positive EBITDA results (possibly in the latter half of CY23 / early CY24),” he said.
Those elements could create a sharpp turnover of the stock price at some point. There are many chips set to improve on various levels and management/insiders sure look convinced of some good things ahead they way they are massively buying their own backs against the wall ...they'll need to deliver and this sure is starting to look like a good deal. If it does go down, might be good opportunity to average out for the next push upward once the overselling recedes. GLTA