ICE hasn't any track performance yet and will need time for that to be incorporated into charting history recommendations, reflecting on its resilience to bounce back from an oversold position.
On major downs such as this, there is always a sizable degree of panic selling, especially where (reasonable) profits from the .20c IPO listing remain at hand.
Around 1mil of the 25mil float changed hands today, certainly no major bailout given the global concern in world markets.
Once management get traction with new client contracts, pricing of this stock should benefit from a substantial re-rating. In the interim, we should expect the stock to operate within a wide band of volatility.
Who knows, the covid19 is by default, creating world demand for greater monitoring of infectious disease and contagion isolations/ quarantine environments, the cutting edge of which Icentana's software platform was designed for.
ICE hasn't any track performance yet and will need time for that...
Add to My Watchlist
What is My Watchlist?
