From its peak in 2022, NBLY is down 50%. Is this price action not telling you there is something terribly wrong with the company and time to cut bait and salvage what is left in the stock price?
Well, we could list a few hundred or more stocks down more than 50% from their 2022 peak. But not all would be sells. On NBLY, certainly the price action is not positive. We like to take cues from the market as best we can, but we also think time is needed as well. NBLY has only been public since May 2021 in hardly an ideal market backdrop. EPS is expected to more than double in FY2024 (March year end) and for now we are comfortable. (5iResearch)