From their letter to shareholder in January they quote...

From their letter to shareholder in January they quote pattersons and carmichael giving speculative buy targets $1.82 and $2.16 respectively.

This was before the announcement. Not that broker valuations are always achievable in this day and age but helps for peace of mind purpose at times.

So seems was very much undervalued to begin with.

Perhaps more to come with this stock if the broker valuations on pre-announcement scenarios are anyway near accurate.