GTEC - fair value is very much a matter of opinion and varies greatly depending on what metrics one uses. For instance, on any given stock, analyst price targets can vary enormously. And market value fluctuates tremendously for individual stocks even as fundamentals remain relatively unchanged. So I am never fixated on a certain price target. I use a more flexible approach that respects wide ranging opinions, encompasses a stock's trading history and the current action. Back in 2021 on similar earnings, GTEC traded in a very wide range and averaged roughly $8 for the year. This year it's averaged about $2 per share. So fair value is a matter of perceptions, certainly nothing etched in stone and not a number that market participants will agree on. One could argue that $5 is FV for GTEC, but it's a matter of opinion and one could argue higher or lower.
My style is to buy stocks that I feel are undervalued, accumulate on weakness and sell into strength, realizing that fluctuations in the stock price will generate profits for me. In the case of GTEC, if it plunges this week, I'll welcome the opportunity to buy back shares. If it continues to rally, I still have shares to sell.
