Valuation can be subjective but looking at historical fundaments it does not appear cheap:
Looking forward, consensus of 6 analysts is outperform (3 Buy, 2 Outperform, 1 Hold), with an average price target of $2.72. Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. This table from Simply Wall Street reveals analysts are increasing their targets:
RIC Price at posting:
$2.17 Sentiment: None Disclosure: Held
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