Why is the Rolls-Royce share price having such an uncertain June?
Rolls-Royce (LSE: RR) is one of the few FTSE 100 stocks that, as my Motley Fool colleague Rupert Hargreaves pointed out, has essentially gone nowhere over the past 12 months. Its pretty much flat since the start of 2021 too. But looking a little closer, we can see the the Rolls-Royce share price has actually been through a lot of short-term ups and downs. Looking at June alone, Rolls shares have lurched between a high of 113.5p and a low of 104p. Thats a swing of 9% from lowest to highest, and way more volatile than the Footsie. Similarly sized ups and downs have been going on for months. Its as if investors keep wanting to get in, keep thinking maybe the time is ripe for the recovery to start and then it doesnt take off and fades again, until the next time. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential... I know its dangerous to read too much into short-term share price volatility. And I would never make an investing decision based on what the Rolls-Royce share price has done over the past few months or so. But if my speculations on investor sentiment are anywhere near the truth, theyre really just reflecting my own thoughts. I like the company  The thing is, Ive liked Rolls-Royce for a long time. And its one company that Id really like to buy a chunk of at a cheap price. The company had hit a tough patch even before the pandemic brought a near halt to aviation. I reckon that presented a good buy at the time for investors with a long-term horizon. But its history now. I really do think the Rolls-Royce share price will recover from its current hammering. The only thing I just cant get my head round is how long it might take for a sustainable profits recovery to set in. Oh, two things  and whether Rolls has the liquidity needed to see it through to such times. If it hasnt, we might see further falls. In the past month, I cant help feeling the delayed lifting of the UKs final Covid-19 restrictions has made investors a bit twitchy again. Right now, Boris Johnson has said its looking good for the new target date of 19 July to be met. But, well, hes said a lot of things over the years. To turn my own sentiment sufficiently bullish, I think Ill need to see a positive set of results. In particular, I want to see how the balance sheet and cashflow situation are looking. Once we see clearer developments on those fronts, if we see them, I can see the Rolls-Royce share price enjoying an uprating. First-half results should be with us on 5 August, and thats really not very long now. By then, we should have firmer news on the pandemic front. And, hopefully, a bit of confidence returning to the aviation business. Ill be waiting at least that long before I finally decide, and possibly a good bit longer. I think theres probably a 50/50 chance that Ill end up buying Rolls-Royce shares one day.