There is always a balance of demand for a position, in FOMO that...

There is always a balance of demand for a position, in FOMO that a wider awakening to the market, and the fiscal reality of a slow start actual sales growth.

It depends on the seasons really. IBX pre sales, stage 1 testing, saw a climb to 200 plus m MC, just on the concept really. Then glacially slow patient recruitment, and their price collapsed. RAP was taken over, for developing a cough cough app.

There is the potential blue sky, there is potential takeover by a major. etc.
The unknown is that balance, how many can discover this story, and drive the demand to hold a position.
Very low valuation in the space.

Equally though, it may come back to needing more capital, and another CR in the months ahead that drive hesitation of buyers,