RE:1 month chart shows the trendNoshortsallowed wrote: 3 month confirms the bullish trend with the reverse head and shoulders. ATH in no time and don't forget about the twits who bashed this when it was $3.
definitely looking like it's bottomed.
there is some recent sector strength as well - look at the performance of HIMS, which is essentially a pure play Wisp (e-pharmacy). it's rebounded big time since bottoming. the company is valued at USD$1.5bn, over 2X that of WELL, but has similar revenues to WELL (guiding $470MM-$485MM Sales) albeit much higher margins. notwithstanding the higher margins, they are still EBITDA negative and guiding to negative EBITDA of $20-$27MM this year.
given the above, it's clear WELL gets penalized for the mixed bag of assets, but I truly think they are onto something by combining brick/mortar clinics along with digital telehealth and pharmacy services.
it's still my view that Hamed is growing the business to sell. the transfer of the shares to the Trust at the low point is only further supportive of this.