After the most recent earnings report, RMO has dropped to new lows. I believe these lows caused directly by fear due to missing earnings completely overlook the potential of this company. They just reinstated a new CEO who has an abundance of past experience and history that could turn Romeo around as a company going into 2022.
Romeo is still a company with some very large and reputable customers with orders already placed. The recent production line expansion deal with LG shows how Romeo still expects the high demand. The Covid-19 pandemic introduced some supply chain problems for the company which greatly affected the 2021 results provided to investors. I think in 2022 and beyond this company will turn around and because one of the biggest electric vehicle battery supplies due to their current long-term supply agreements with big customers. At these levels I find it oversold. 6-month target of $10, Long term target of $25 in late 2022 or mid-2023.