In the short term the stock has lots of resistance between $2 and $2.25.
Once the stock breaks the $2.50 - $3.00 range, it could run to the upside very quickly as the stock begins to realize its hidden value.
The company just did a secondary at $1.50. It is common for a stock to briefly trade lower to the price of its secondary, then rapidly turn to the upside, eventually to realize the value of the company
SRGA is currently worth less than $200m with current revenue of about $112m a year
If it were to be sold it would go for 7 to 10 times revenue, possibly higher with new emerging technology they recently acquired. That would be $700m to $1.2 billion.
Once the stock breaks the $2.50 - $3.00 range, it could run to the upside very quickly as the stock begins to realize its hidden value.
The company just did a secondary at $1.50. It is common for a stock to briefly trade lower to the price of its secondary, then rapidly turn to the upside, eventually to realize the value of the company
SRGA is currently worth less than $200m with current revenue of about $112m a year
If it were to be sold it would go for 7 to 10 times revenue, possibly higher with new emerging technology they recently acquired. That would be $700m to $1.2 billion.