Is MLGO about to have a hype run?

MLGO I have had some great trades with it this year and I saw it had a volume spike after hours. I also noticed it's PE ratio is roughly 1.3, does this mean it's a good time to buy?

In March it went over 30$ and is now a bag for some. Right now it's at .64$ which is basically lower than it's ever been.

After this positive earnings report does the community believe this will have a good run and hold finally?

They had an earnings report after hours today and with the positive revenue results it has me watching it now and I was going to place a conservative order in the morning.

Does anyone have an opinion on why this may still go down outside of the earnings report?

When I look on the Simply Wall Street app it's telling me this stock is 96% undervalued according to "Walnut Investor House", but this information looks old.

After looking at their financial position analysis on Trading View it looks like they have roughly 40m in debt and 170m in assets which doesn't indicate they will be running out of money any time soon.

I'd like to know if this is going to be a day trade, or is this something worth holding with the new earnings report. I appreciate your feedback.