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However, its share price has declined 34.7% over the past five days. The stock closed Friday’s trading session at $9.18, which was 59.2% below its 52-week high of $22.50, which it hit on June 28.
The meme stock craze has been fueling ALF’s rally—the company saw its market cap balloon to $201 million from $15.5 million during its market debut in May 2021. While the commencement of the AI tech company’s SaaS technology for digital advertisement at Belfast International Airport kiosks and its recent South Florida call center operations bode well for the stock, the company lacks fundamental strength. And its sky-high valuation and negative profit margin could make it harder for the stock to maintain the rally.
