Execution Visibility RiskLack of visible, sustained free cash flow increases perceptions of execution risk, potentially driving continued volatility and delaying investor re-rating.
Investor SentimentInvestors are awaiting clear and consistent free cash flow, which is constraining valuation gains and limiting the stock's market response to operational progress.
Market Discounting Of ProgressMarket participants are discounting the company's operational improvements until sustained cash generation is demonstrated, keeping share price upside muted.