News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Regaining Nasdaq Compliance to Save Btai

BioXcel Therapeutics has regained compliance with the Nasdaq minimum bid price rule after meeting a 12-consecutive-day requirement of maintaining a closing bid price of $1.00 per share. The biopharmaceutical company had previously fallen short of this requirement, prompting a warning from the Listing Qualifications Department. By regaining compliance, BioXcel Therapeutics can now avoid further delisting proceedings.

See Also

Earnings Update: Pacira BioSciences, Inc. Price Lifted Amid Analyst Revisions Δ1.76

Pacira BioSciences, Inc.'s (NASDAQ:PCRX) latest earnings report was met with a mixed response from investors, as shares declined 4.4% in the past week. Despite this, analysts have revisited their forecasts, lifting the consensus price target by 11% to US$31.71 due to revised earnings estimates. The company's revenue growth is expected to slow down substantially, but still grow roughly in line with the industry.

Skyrocketing Biotech Stocks: The BeiGene Advantage Δ1.76

BeiGene, Ltd. (NASDAQ:ONC) has surged in value this year, driven by solid Q4 and full-year results that demonstrate the company's growth potential. The stock's global revenue growth of 78% year-over-year to $1.1 billion in Q4 2024 highlights the increasing demand for cancer treatments. As the global population ages, the number of cancer patients is expected to rise, creating a significant opportunity for companies like BeiGene to expand their market share.

Why QMMM Holdings Limited (QMMM) Soared Last Week Δ1.75

QMMM Holdings Limited (NASDAQ:Q MMM) surged by 60 percent week-on-week to end Friday's trading at $1.47 each, driven by a surge in investor appetite following a notification from Nasdaq that it fell below the $1 bid price requirement to remain listed on the stock exchange. The company received an 180-day warning to regain compliance with Nasdaq's continued listing requirements or face delisting, sparking hopes of a turnaround. QMMM Holdings Limited is currently evaluating options to regain compliance and intends to regain timely compliance with Nasdaq's rules.

The Nasdaq Is in a Correction – Here Are 2 Stocks You Can Buy on Sale Right Now Δ1.75

The Nasdaq Composite has entered a correction phase, experiencing a drop of over 10% from its recent highs, which presents unique buying opportunities for long-term investors. Among the stocks highlighted, Advanced Micro Devices (AMD) and Alphabet (GOOGL) are particularly attractive due to their substantial revenue growth prospects despite recent declines in share prices. These companies, while facing market pressures, demonstrate strong fundamentals that could lead to significant recovery as the tech sector rebounds.

Insiders Cash Out as Super Micro Regains Nasdaq Compliance Δ1.75

Super Micro Computer's server manufacturer is experiencing a significant shift after receiving clearance from Nasdaq on its financial reports, prompting several insiders to cash out millions of dollars worth of stock. Insider sales come at a time when the company is regaining compliance with listing standards and is working towards a $40 billion revenue target for 2025. The recent developments raise questions about the motivations behind these insider sales.

Nasdaq Confirms Correction as Tariff Worries Weigh Δ1.75

The Nasdaq Composite has confirmed a correction since peaking last December, driven by concerns over global trade and the pricey valuations of Wall Street's AI-heavy specialist traders. Losses on the index have been fueled by worries about tariffs and interest rate hikes, which have led to a decline in investor sentiment. The 10.4% drop from its record high close on December 16 meets a widely used definition of a correction.

Brainchip Holdings Posts Slightly Improved Full Year 2024 Earnings Amid Reduced Losses Δ1.74

BrainChip Holdings reported a net loss of US$24.4m, narrowing by 15% from the previous year's loss of US$28.6m. The company also achieved an improved loss per share of US$0.012, compared to US$0.016 in FY 2023. BrainChip Holdings shares are down 31% from a week ago.

TECH STOCS RECEDE: Buying Plays Amid Nasdaq Correction Δ1.74

Nvidia's earnings report was a mixed bag, with estimates beat but broader fears about AI and consumer demand prevailing. The resulting sell-off has dropped the Nasdaq to its lowest level since before the election, sparking concerns of a correction. A downturn in tech stocks like Nvidia presents an opportunity to buy proven winners at a discount.

Tech Sell-Off Gains Momentum as Nasdaq 100 Breaks 200-Day Moving Average Δ1.74

The tech sell-off has accelerated, with top performers like Amazon, Nvidia, and Tesla experiencing significant declines. The Nasdaq 100 (^NDX) has broken its key 200-day moving average for the first time in nearly two years, signaling a shift in investor sentiment towards more defensive sectors. The prolonged uptrend, which spanned 497 days, was marked by a 73% return, but the latest downturn raises concerns about the broader market's resilience.

The Impact of Amdocs Limited's Bearish Thesis on Its Investment Prospects Δ1.73

Amdocs Limited (NASDAQ:DOX) shares have been trading at $87.00, with a closing price of $87.74 on Feb 27. Analysts have relied on FCF guidance for measuring the performance of DOX and recent results have been disappointing, with the company missing its 2024 FCF guidance despite a reduced target. The sustainability of its cash flow from its regular business is also questionable given the over-reliance on balance sheet management to generate cash flows.

Investors Flock to BSX as Medical Device Company Hits New Highs Δ1.73

Boston Scientific has nearly doubled the S&P 500's performance over the past five years, driven by its solid quarterly results and beaten expectations. The company's momentum is backed by a decade of organic revenue growth averaging 14.4% year-on-year, indicating its ability to expand quickly without relying on expensive acquisitions. Boston Scientific's expanding margins also provide optionality for long-term growth.

Moderna (MRNA) Stock Is Rallying Today Δ1.73

Moderna's Court Victory has resulted in a 8% increase in stock value after a German court ruled that BioNTech and Pfizer must pay Moderna damages for infringing on its mRNA patents. The company is now seeking damages based on all sales of Comirnaty over the last three years. This move is seen as a major win for Moderna, which had been seeking compensation for what it claims are stolen intellectual property rights.

Nvidia Stock Tumbles Over 8% Amid Reports of AI Chip Sales to China. Δ1.73

Nvidia's stock price sank 8.8% Monday to its lowest closing price since last September as reports surfaced of the tech giant's AI chips reaching China despite export controls. The company's latest Blackwell chips are reportedly being sold through third-party resellers using entities registered in nearby regions, violating export controls. Nvidia has argued that it is not accountable for its resellers selling into China, but this stance may be challenged by new restrictions.

Bank of America Corporation (BAC) Crashed on Tuesday Δ1.73

Bank of America Corporation's share price dropped by 6.34 percent on Tuesday due to growing trade tensions between the US and its largest trading partners, weighing down investor sentiment. The company is set to release its next earnings results in April, with provisions for credit losses potentially increasing due to higher taxes in place. As investors park funds to mitigate risks, Bank of America's stock performance is being closely watched.

Chimerix, Inc. (CMRX) Soared Last Week Δ1.73

Chimerix, Inc. (NASDAQ:CMRX), a biopharmaceutical company, experienced a significant surge in share price last week, jumping 60.5 percent to $8.43 per share, following the announcement of its acquisition by Jazz Pharmaceuticals for $935 million. The deal grants Jazz access to Chimerix's clinical asset dordaviprone, a novel treatment for H3 K27M-mutant diffuse glioma, a rare and high-grade brain tumor. The acquisition is expected to be completed in the second quarter of this year.

AI Stocks Get Smashed in Market Shake-Up Δ1.73

Applied Digital's stock price plummeted 24.3% this week due to rising macroeconomic concerns and investor sell-outs following Nvidia's earnings report on Wednesday. Investors bristled at new tariffs on Canada and Mexico, as well as proposed export restrictions that could impact the sale of AI chips and semiconductor equipment to China. The company's reliance on Taiwanese semiconductors further fueled concerns about potential hardware cost increases.

MicroStrategy Incorporated (MSTR) Goes Down on Friday Δ1.72

MicroStrategy Incorporated's (NASDAQ:MSTR) drop on Friday was largely in line with the decline in Bitcoin prices, which fell to $86,000 at the time of writing. The company's shares dropped by 5.57 percent to close at $287.18 apiece following the conclusion of a cryptocurrency summit at the White House. Investors had high hopes that the summit would lead to more active support for the cryptocurrency industry.

Nvidia's Market Cap Falls After Record Quarter Δ1.72

Nvidia's stock was up by around 1.4% during morning trading on Friday at around $121 per share, leaving the firm with a roughly $2.9 trillion market cap, despite delivering another record quarter with revenue of $39.3 billion for its fiscal fourth quarter — a 78% increase from the previous year, and above the consensus of $38.1 billion. However, unimpressed investors were left wanting more after the company's shares fell in early trading on Thursday. The chipmaker's track record of beating expectations may be working against it as the market seeks more substantial growth.

The Stock That Defies Convention Returns Δ1.72

Richardson Electronics, Ltd. (NASDAQ:RELL) shareholders are probably generally happy with their 222% returns over the last five years, but the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. The company's underlying fundamentals have driven long-term performance, with revenue growth at 7.6% per year and a TSR of 222%. However, to understand whether this trend continues, it's essential to examine the drivers of the growth.

Intermex Price Target Lowered to $23 From $30 at Bmo Capital Δ1.72

BMO Capital has adjusted its price target for Intermex to $23 from $30, maintaining an Outperform rating after the company reported Q4 earnings that fell short of expectations and issued below-consensus guidance. This revision reflects concerns about the company's growth trajectory and the challenges it faces in an increasingly competitive remittance market. The adjustment signals a cautious outlook as analysts assess the potential for recovery amidst changing economic conditions.

Cardiff Oncology Beats Expectations in Full Year 2024 Earnings Δ1.72

Cardiff Oncology's full year 2024 earnings have exceeded analyst estimates, with a net loss of US$45.5m and a loss per share of US$0.95, wider than the previous year's loss of US$0.93. The company's revenue surpassed expectations by 12%, beating forecasts for growth in the biotechs industry in the US. Looking ahead, Cardiff Oncology's revenue is forecast to grow at an average rate of 52% per annum over the next three years.

Strategy (NASDAQ: MSTR) Stock Soared This Week Δ1.72

Strategy's share price surged in this week's trading after President Trump confirmed plans to include Bitcoin in a U.S. digital asset reserve. The company's core growth bet revolves around buying and holding Bitcoin, and the positive valuation catalyst for the cryptocurrency helped send the company's stock higher. However, investors should still understand that the stock is a high-risk investment, given its reliance on a volatile cryptocurrency. Strategy's share price closed out the period up 11.8%, according to data from S&P Global Market Intelligence.

Intel's $13.4B Gamble: Can It Steal Nvidia and Broadcom From TSMC--Or Is This Another Pipe Dream? Δ1.72

Intel is testing its last shot at redemption. Nvidia and Broadcom are interested—yet will they actually commit? Intel (NASDAQ:INTC) is making waves after reports surfaced that Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) are running tests on its 18A manufacturing process. If these tests turn into actual contracts, it would be a massive win for Intel's struggling foundry business.

Nvidia (NVDA) Stock Is Slipping Today Δ1.72

Nvidia's 1% pullback today follows Morningstar's assertion that the stock is "fairly valued," with two technical analysts cautioning about its shares in statements to Yahoo Finance. The research firm expects the company's revenue growth to slow to 21% during its next fiscal year, citing a potential slowdown in demand for AI chips starting in 2026. This assessment contrasts with Morningstar's fair value estimate of $130.

Nvidia Stock Rebounds From Monday's 9% Decline as Tariffs Weigh on the Market Δ1.72

Nvidia's stock experienced a nearly 2% recovery on Tuesday as analysts upheld their positive outlook for the AI chipmaker, despite facing potential regulatory challenges and new tariffs imposed by the Trump administration. While the tariffs do not directly target semiconductors, concerns remain that increased costs for data processing equipment could dampen demand for Nvidia's products. Analysts assert that the recent stock decline presents a buying opportunity, with many maintaining their price targets amidst fears of reduced sales in China.