This will go down and then up First post.
well run company, but it just isn't making the money it did in that one crazy good year of 2022. Not the company's fault but neither is the market to blame for understandably rotating out of it and staying away. The share price will only rise when they make more money, or as market is forward looking, when it is reasonably anticipated to make more money within 6 months or so. Everything else is immaterial. For those, like me, who have a capital loss, the only way to proceed is to either sell at the loss (mitigated if not in a tax sheltered account) and move the $ into a better returning stock/area/field; or hold, collect the dividend, add by DRIP and/or purchase when can at lower price to average down, and wait for better days.
This stock will likely go down to 55-ish and maybe even lower (I think 50 is a worst case) before it goes back up. It may be years before it surpasses 75. To a great extent, the SP depends on things outside the control of the company. This is the reality of a commodity play. If one has the temerity to be in it one has to have the gonadal fortitude to accept the vicissitudes of outrageous fortune, or admit it is not for them and get out.
a real practical difficulty is that profit taking and abandonment will happened whenever the share price gets up - and this dynamic will increase greatly if and when the SP gets to the 70-75 range. There will have to be momentous momentum and animal spirits for it to get over that hump.