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As has happened before, day traders have found LEDS, leading to a massive rally.
It's difficult to see any fundamental reason for the gains, as the company itself admits.
This is a company with just $5 million in trailing twelve-month revenue, negative free cash flow, and a stretched balance sheet.
Like so many "trading sardines" in this market, LEDS can stay elevated for some time. But it's difficult to see how an $80 million market cap is ever supported by the actual business.