Based on current and near term fundamentals it's over priced in my opinion. At the current rate they will burn through 100mil in cash this year and the loss per share will be double last year's. I can't see revenue out pacing the cash burn for several years.
In my opinion they missed a window for an "opportunist" offering. At $39 A 10mil offering would have added 390mil. I don't believe they will see that price for a while.
If I were to guess where this is headed I'd guess $25-$27 by Oct.
Just my guess so it will probably do the opposite and go to $45.
Still on the sideline.
Assuming you like a companies long term prospects and you're a trader ,to maximize your gains one has to be right when they sell high / call the coming drop and often pay tax's then catch the low to reestablish a new long position . This requires being right and lucky multiple times them you try to do it again lots of profits over and over again, sounds great but is much to tough for simple me , I'd for sure have some losing trades .I've been long several years , cost sub $10 and will watch for pull backs if I want to add , I also own some in a taxable account and have paid zero tax's. Good luck with your trading since lots of luck is required to be successful as a trader!