We have both the CEO and Director buying small positions. We appear to be oversold on higher time frames and could have a potential bounce. A better entry would be closer to $2.00-2.20 but I am posting this as a swing trade. Targets above as high as $12+
Additional Info:
The company is well-positioned to benefit from the growth of the electric vehicle market. ILPT is a developer of electric vehicle charging infrastructure. The global electric vehicle market is expected to grow significantly in the coming years, and ILPT is well-positioned to capitalize on this growth.
The company has a strong management team with experience in the electric vehicle and charging infrastructure industries. The management team at ILPT has a proven track record of success in these industries. This gives investors confidence that the company will be able to execute on its growth plans.
The company has a number of partnerships with other companies in the electric vehicle and charging infrastructure industries. These partnerships give ILPT access to a wider range of resources and expertise. This could help the company to accelerate its growth and become a leader in the electric vehicle charging infrastructure market.
The stock is currently trading at a relatively low valuation. This could make it an attractive investment for investors who are looking for undervalued stocks with potential for growth.
However, it is important to note that there are also some risks associated with investing in ILPT stock. These risks include:
The company is still in its early stages of development. This means that there is no guarantee that the company will be successful in its current business or in its future plans.
The electric vehicle market is still in its early stages of development. This means that there is no guarantee that the market will continue to grow in the future.
The stock is volatile and could experience significant swings in price. This means that investors could lose money if they invest in ILPT stock.
Not financial Advice, DYOR.