If we again take a look at the famous longer timeframe, then there’s nothing special about this latest decline 
. Some technical analysis genius could draw some lines and explain why the stock price is going on a rollercoaster ride according to some technical analysis law.
In layman’s terms, this is known as the so-called “EVO” curve, with which some people once made easy money with EVO 
The company has been affordable at prices around 45 and ridiculously affordable at these prices starting with two. I don’t know of another excellent company in any stock market that has been so clearly and long-term held as a market’s (in terms of valuation) “spittoon”. Peer companies have reported good Q2 figures, so there’s no reason to assume Verve wouldn’t, at least regarding revenue. Operating profit is another matter, where there is some quarterly fluctuation. Insiders have been continuously accumulating, though not now as the quiet period is on.
Edit. There’s nothing brutal about such a decline 
. Except perhaps for those paper hands who jumped in as newcomers right at the previous interim peak.