Jul. 2 at 5:15 PM
$ALIT Prior to the reverse stock split, the highest that ALIT stock reached was
$12.43 in Sept 2021. This was also when they had 98% recurring revenue and before their goodwill impairment write-off of
$3.12 billion. The odds of ALIT reaching
$40 seems unlikely. I think it will struggle to reach
$20, based on fundamentals. Many institutions lost millions of dollars on ALIT, so I don't see them coming back anytime soon. I know it's a holiday week, but only 550K shares have been traded today - not a very good sign, in my opinion.
