If the company paints any guidance update that appears achievable then maybe the price action wakes up. If this is another loss, with a Q to go before things look brighter, then it will test 52-week lows. There are still a good many shorts thinking this earnings will be a complete fail.
There isn't much optimism priced-in at this level. - bought even more today - in a counterintuitive approach that even with all that logic somehow there is a breakout from this range. GL