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Save your seatCV ran from roughly $4.88 in mid-March to about $7.50 by mid-May as traders shifted from the March private placement to the mid-year Food and Drug Administration clearance story for its AI-assisted reading module.
A failure to hold $6.50 has the potential to send CV back toward $5.50 to $4.90. Any delay on the Food and Drug Administration review or more financing overhang from the March resale registration would accelerate the downside.
If CV holds the $6.50 to $6.80 area, a move back toward $7.50 to $8.50 is on the table as long as volume improves and the AI clearance setup stays intact. Resistance around $7.50 is the first hurdle.
We don't currently have information about CapsoVision Inc.'s earnings.