This looks like a busy board, so I`ll throw this out there FWIW.
AXN may be starting low volume rally. Check the chart and see if you agree.
If $0.71 or so holds, this will look like lows seen Jan 4 and Jan 28 and the end result will be a pattern of higher lows and a rally should follow.
Keep an eye on it.
After checking the news, the reason analysts are so down on this is shipping rates are too high and will be coming down.
Take your day trade profits from the late to the party buyers.
I have level 2, no serious depth in the bid. This will gap down if serious selling starts.
Let`s first see if the few shares at $1.03 hold.
Checking the chart, only low volume pecking at the ask. No liquidity to sell.
If just 100K shares hits the bid, this could drop 20%.
On the upside, current resistance level around $1.26.
Maybe there will be news. Did the new CFO say the books are not cooked?