For whatever value (or lack of same) you may place in my opinion.... No, I believe the price will bounce around between $1.00 and $!.50 for several months looking for a reason to punch through $1.50. Meanwhile, some trades will make $$ on small movements both ways.
See I disagree with your range of 1.00-.50 thats way too low. The stock just reported a pretty quarter and looks to be on the right path again. I believe it will trade between 1.15 and 1.45 until more positive news comes out. The only way I believe it goes to your levels is if negative news or weaker earnings or forecasts are mentioned..