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$EVO.st down 20%. Multiple bull thesis published. This does not mean that the ideas were wrong. Maybe the opportunity is bigger, but the shareholder base was too weak, as often for Twitter and newsletter ideas.
$EVO.ST #Evolution Q1 - ouch, that's nasty... https://t.co/wR5JFI9ens https://t.co/dVMsq5iwH7 ...that's 4 years & counting of FinTwit kids tweeting '$EVO is sooooo CHEAP!!!' every single day. 😢
$EVO another fintwit favourite bites the dust.
Evolution AB ($EVO), a popular stock among retail investors and financial Twitter communities, experienced a sharp decline following its Q1 earnings report. The company’s shares fell by 20% amid continued losses and declining valuation multiples, which some analysts and investors had previously highlighted as a warning sign. Despite multiple bullish theses and ongoing enthusiasm from retail investors, the latest financial results underscore persistent challenges for Evolution AB, reflecting years of underperformance and raising questions about the sustainability of its market valuation.
