Last week’s piece left PUMP mid re-rate and since then the move extended – mcap is up 176% off the June low and the multiple is back at 2.8x, which puts it right at the bottom edge of the 2.6x to 4.4x band it lived in for its first 6 months of trading. That band broke in February on a pure price selloff while revenue printed its best gross quarter. Now it’s being approached from the other
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