5-1 reverse split and potential price targetsHow does the reverse split impare the ability of the stock to reach the same highs as before the split.
Apparently, the all time high of HUT was $15.90 on November 08, 2021 during the bitcoin run of 2021.
Without a reverse split, if I had 25,000 shares at the current price ($1.63) and the price returned to the previous highs then I would profit 25,000 * (15.90 - 1.63) = 14.27 = $356,750
But after the reverse split, I would only profit $71,350 because I would only have 5000 shares so my multiple has substantially been decreased....unless the stock price should also be x 5 so if bitcoin were to return to its 2021 highs, then HUT would reach its previous high x 5 so $79?