Neutral/Negative Catalysts
- Technical downside risk: Bearish MA stack + weakening MACD increases probability of support breaks (55.12 then 54.16).
- Options/volatility: Extremely high IV + heavy put OI suggests market is bracing for negative outcomes rather than upside.
- Fundamentals: Recent quarter showed sharp deterioration (revenue down, large net loss, negative gross margin), which can weigh on multiple and sentiment.
- Analyst posture: Predominantly Neutral/Hold; key targets from major shops remain below spot, implying limited confidence in near-term upside.
- Political/influencer flows: No recent congress trading data to suggest an external “smart money” catalyst.