Crnt stock forecast recent trading patterns in CRNT hint at

Recent trading patterns in CRNT hint at consolidation, and some traders are watching for a MACD crossover as a signal for upward momentum. Short interest remains modest, adding less downward pressure in the near term. Allied Gaming & Entertainment Inc. has faced significant challenges, including a Nasdaq compliance issue due to delayed SEC filings, which could impact its listing status if unresolved. The company reported US$9.08 million in revenue for 2024 but remains unprofitable with a net loss of US$16.76 million. Despite having more cash than debt and sufficient cash runway for over three years, the company's share price is highly volatile and subject to investor activism, as evidenced by recent proxy battles involving Knighted Pastures LLC. These factors contribute to the stock's risk profile within the penny stock category. This impressive uptick in the stock price has left investors contemplating whether this rally can continue or if the stock is due for a market correction. Let us discuss CRNT’s prospects and ascertain how to strategize investment. CRNT stock forecast scenarios now factor in the broader rally in small-cap telecom stocks, supported by increased infrastructure funding in multiple regions. Upside potential exists if order backlogs shrink.