systematic bounce in action. See you at $1.30 to $1.50 within the next 14 trading days. Thereafter, $1.50+ fueled in part by anticipated announcements. The next 50 cents is HIGHER, not Lower -- all short insights, notwithstanding.
on a % basis, this is way over-sold. See you at $1.30 to $1.50 within the next 15 trading days.
Thereafter, $1.50+ Fueled in part to positive customer / pipe announcements imo.
yes, $3 is a stretch + may be at the high end of a reasonable range. but i believe 2+ is very credible target by year end. think of it as counter propaganda....
Yes, this was handled poorly by Management / BOD.
Yes, there is a reason to be #$%$, particularly for any L-T holders.
That said, the Company needed to address their debt and once the egg moves thru the snake (re: stock absorbing the volume and all "punitive"/emotional selling re: the financing), I fully expect RMGN to bounce back to a reasonable level -- ahead of new positive announcements.
That, that sucks, I hope Management understands that they need to do it better re: IR.....
This stock is $2+ with minimal good news imo. For those patient, there's a Pony here.
Enterprise s/w companies with growth trade at 4+x Revs.
There is no debt, + CF positive,
While the Co too the pain re: dilution, there is NO MORE OVERHANG to the stock.
With weak hands already out, this stock will test $5 by EOY.
Need good March + June, then we are off to the races.
Should gravitate to $2 to $3 over the next 10 trading days.
This new CEO is the real deal. He has righted the ship in 6 months.
Look at other comps that are trading at 4x T-12 mos Revs (namely GOGO) and applying a similar multiple (+ adding some level of dilution), suggests a price target of $12 to $20 at current run rates. Apply a reasonable liquidity + execution risk (re: profitability) discount of 40% and that suggests that RMGN is worth $7.20 to $12 today. Take into account credibility risk and cut this in half. This stock should be trading at $3.60 to $6 imo
Sentiment: Strong Buy
Volume cleared out weak hands. Management execution impressive and encouraging.
Line of sight on this turning this around. $5 to $7+ by September Quarter imo.
Settles $2 to $3 after this week, in anticipation of more product & customer news.
Sentiment: Strong Buy