Reverse splits always end in
lower stick prices. I have never seen a company do a reverse and have the price stay at the level or go higher after the reverse. Never.
A reverse is an attempt to raise the price per share because the company cannot increase the pps on its own merits.
When companies cannot increase the pps and need cash, they make a news release at the same time of the R/S. Once the pps increases after the R/S, along with the news release, the company floods the market with new shares, selling like crazy.
An R/S is never, ever good. The excuse for the R/S is almost always to maintain status on an Exchange or to get onto an Exchange.
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