Neutral/Negative Catalysts
- Price action is weak today (regular market -6.44%, post-market -2.07%) and still below the pivot (1.307).
- High implied volatility (~308%) implies elevated downside risk and makes bullish bets expensive.
- No news in the past week: no clear event-driven catalyst to reverse the current pressure.
- Fundamentals show sharp revenue and gross margin deterioration (see financials), undermining dip-buy confidence.