Smart money would be moving on from FBR.
A lot of the expected announcements and progress would have been priced in already.
That is why we only saw the price move from 14.5c to 16c where it currently sits at now.
Any delays with commercialising the Hadrian will see the SP tumble.
Also, the market has priced in the CAT agreement to be executed in full this year. If that falls through we will see the SP tumble.
IMO, a good time for smart money to move onto another stock and sit back and see how FBR go over the course of this year. MC of $160m pre-revenue can't be justified at the moment irrespective of how big the TAM is. I would struggle putting a $160m MC on FBR even if Elon Musk was at the helm of FBR with his track record.
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