Definitely possible, and much higher I think in time.
MFN Partners taking a position with 9.5% in a recent filing, and Diameter Capital speaking at a conference, openly stating they have an investment and see this going above $600M market cap, are pretty solid signs of what's to come. Although I've yet been able to find a filing for Diameter Capital yet. Still.. Looks very promising for a possible monster gain from here.
Bullish