Shares of iSentia Group Ltd (ASX: ISD) have recovered almost 5% of their market value today, although they haven't managed to regain all of yesterday's losses just yet.
In what was a painful day for shareholders, the shares dropped as much as 8.3% to $2.98 before ending Tuesday's session at $3.08. They're back at $3.22 at the time of writing.
It's likely that the rebound has come as a result of an update iSentia Group provided in response to yesterday's heavy trading volumes and sharp fall in share price.
It confirmed that it still expects to report revenue in the range of $155 million and $158 million when it announced its full-year earnings. Earnings before interest, tax, depreciation and amortisation (EBITDA) are also expected to fall in the range of $50 million to $53 million.
Given the severity of the fall in the group's share price so far in 2016, it still seems as though the market has its doubts over iSentia's growth prospects. While now could be a great opportunity for iSentia bulls to make their move, greater details will be provided at the company's full-year results announcement on 24 August, 2016.
As such, investors who still have their doubts over the company's prospects may want to add that date to their calendar and hold off from making a move until then.
