The 2CRSI share rebounds 6%, but remains down 30% over the quarter

A 6% rebound that leaves the stock below its three moving averages

At €19.43, the 2CRSI share gains 6% from the previous day and shows a nearly 20% increase over seven days, while the CAC 40 is virtually unchanged. This recovery follows a series of difficult sessions: the stock still loses nearly 30% over three months.

The price remains below its MA20, at €21.93 (a gap of 11.4%), its MA50 at €25.53 and its MA200 at €29.92.

The RSI at 43 is neutral and does not signal an excess in either direction. The rebound of the day is therefore modest compared with the slope of recent months. Relative to the quarterly loss, it recovers only a small part of it. Over one year, the stock still shows a gain of 43.5%.

A contested annual publication and cautious guidance on €1,000M

On October 30, the group published its annual accounts for the financial year ended at the end of June, with revenue revised to €386.5M, compared with €416.2M announced in July. Net income attributable to the group reached €17.0M, versus €2.1M a year earlier.

The stock had fallen 18% as early as November 2. An order of more than €60M placed by Exaion, published on November 3, then fueled an initial rebound.

More recently, on November 10, 2CRSi validated the VectorEdge Large system from the American company Universal Edge Technologies, with an immersion warranty on its servers of up to three years.

For the current financial year, the company was targeting revenue of €1,000M at the time of this publication, while citing uncertainties in the server market and very strong tensions in the supply of DRAM and NAND. The €21.93 level, that of the MA20, is the first benchmark to watch if the rebound continues.