It's worth noting that if we zoom out to 1 year+, the stock has appreciated greatly, which reflects progress in both technical terms (completely proven the OI as a platform, manufacturing scalability aided by Sanan IC) and investor-relation terms (Agoracom partnership, revenue visibility, Suresh and Thomas talking about billion dollar revenue goal).
If you look at Rockley's investor presentation, you'll see how ridiculous their revenue ramp-up projection is...Do you want management to pull those kinds of numbers out of their you-know-what just to pump the stock up a bit? That's not sustainable.
Throughout the year, as they de-risk the business further and showcase the tech more (hopefully with jaw-dropping demos at OFC, for example), the stock will continue its current trajectory (up in the long term).