Post by
mrmoribund on Jun 30, 2021 11:09am
Market's reaction to today's news
So it looked like pretty good news this morning from IRD and now, in a largely up market, the stock has done nothing. This kind of goes back to my recent Singing Frog argument.
https://stockhouse.com/companies/bullboard/t.qtrh/quarterhill-inc?postid=33405939
Because the market is still in a kind of doesn't-believe mindset regarding Quarterhill even the seemingly very good news of the last few days doesn't move the stock at all.
In a way it could be seen as not fair. When Rekor was on fire a few months ago a press release like the one from IRD today probably would have sent their stock up $5 instantly.
But that's life. I still totally welcome the good news. But my take is that until the market has reason, in the actual quarterly numbers, to see IRD as a reliable growth story, pieces of good news (and "marketing" the stock to Wall Street / Bay Street) will probably do little or nothing for the share price--subject, of course, to moves driven by wins or settlements from Wilan.
The day is coming. I have faith.
Comment by
cabbieJBJ on Jun 30, 2021 11:46am
Does anyone know the WIM install base in the USA? The payback was easily understood in Nebraska according to the press release. That makes the install base low hanging fruit.
Comment by
Capharnaum on Jun 30, 2021 12:28pm
Is there any further implications to the contract? Otherwise, I would think the lack of reaction is because the contract is "only" worth $1.8M which is small compared to the market cap.