NEWL has tanked so fast that its almost impossible to beleive that this stock was trading above 100USD some time ago. Company is fighting a battle against hedgefonds for allegedly short selling and with returning on the debts. Fundamentally things dont look good. Technically stock is oversold to the extreme values. This is highly speculative play, based on assumption that debt is almost payed off and that they must stay above 1 USD per share if they want to play on NASDAQ.
Good news is that company is launching new ship in next month worth 20 million dollars so that could mean a lot of price adjustment.
Good news is that company is launching new ship in next month worth 20 million dollars so that could mean a lot of price adjustment.