WBT is a leading developer of advanced semiconductor memory technology, this $633mn stock has demonstrated huge volatility over the last 12 months, something which often accompanies plenty of optimism but no profits – the big question is how fast the company is burning cash, if this accelerates the stock could be retesting its long term $2 support with a very limited life span in the main index.
- We currently have no interest in WBT, which has already more than halved in 2023.
MM is neutral/negative toward WBT
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