This stock dropped from the $13–14 range to $4 after news came out that their biggest client, Avis, which accounted for 10% of their sales revenue, had terminated its contract. Overexaggerated drop for sure. Now news just came out that they've managed to get Avis back - on less favorable terms but still a huge win!
Furthermore, around a month ago, they signed a deal with the city of Los Angeles to implement "the largest speed safety program in the state," which didn't have any impact on the price at that moment since all the focus was on the Avis deal.
With all this info, plus the fact that the company is profitable and sales have been increasing year over year, I don't see why a move back to the $10 range shouldn't be possible. Also, the ticker is meme worthy...vrrrrooooooom
Earnings on August 5th.
I got some $5 calls expiring Oct. 16.