Among under $1 stocks Exela always reaches the highest volumes but keeps declining due to the brutal bear market. Since it is still a fresh tech company and getting positive earnings seems unreal during the hard economic conditions.
Even Twitter has not shown any positive earnings despite it having more than a decade of business operation. If Exela cuts some expenses it may surely get good earnings and eventually, its stock starts surging in any market conditions.
However, Exela’s visionary top men seem to keep increasing expenses in order to achieve new milestones that may deliver multiple times bigger profits than anticipated ones.
Exela is not worried about its penny stock price but is focused to gain significant market share which guarantees massive profits in long term.