I think caution is due if you’re comparing today’s price to 2024, which the chart (since IPO) shows was an unsustainable spike, much of it likely driven by forced index buying.
If you zoom out and recall that CU6 has generally traded under $300M since listing, and that they’re still years away from ph3 results, at current price it’s more than double its historic market cap levels. I think there’s every possibility this could eventually fall back to the $1.60 range which would be ~$500M, still historically elevated.
One can choose to fight the shorts but the only reason they’re here is they look at the studies CU6 have going on, and they’ve likely calculated a) this is still a hefty market cap b) it’ll probably get kicked back out of the 200 next rebalance, and c) there will be another large raise required sooner or later.
CU6 Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)