Streetbeat News

Earnings

DJT

Trump Media shares are trading lower following the company's announcement that it anticipates ongoing operating losses and negative cash flows from operating activities for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:43 pm

DJT

Trump Media Technology Group (TMTG), trading under the ticker DJT on Nasdaq, reported a significant net loss of $58 million in 2023, a stark contrast to its net profit of $50.5 million in 2022. The company, which owns the Truth Social app, saw its shares fall by over 20% following the announcement. Despite the loss, TMTG's market capitalization remained above $6.8 billion. The company warned of ongoing operating losses and disclosed material weaknesses in its financial reporting. Trump owns 57.3% of TMTG shares, with the potential to receive more based on stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:36 pm

INLX

Intellinetics shares are trading lower following the announcement of worse-than-expected Q4 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:34 pm

JAGX

Jaguar Health's stock is trading lower following the announcement of a decrease in Q4 EPS and revenue results that fell below expectations.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:32 pm

AEON

EIGR

SBFM

XLO

In Monday's intraday session, health care stocks saw significant movements. Sunshine Biopharma, Xilio Therapeutics, Akanda, Mesoblast, Brainstorm Cell, and Adagene were among the gainers with notable percentage increases in their stock prices. On the downside, Eiger BioPharmaceuticals, Disc Medicine, AEON Biopharma, Biora Therapeutics, Sharecare, and ENDRA Life Sciences experienced substantial declines. The movements were attributed to various factors including quarterly earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:31 pm

NVVE

SMXT

SOL

VSTE

In Monday's intraday session, several industrials stocks experienced significant movements. Vast Renewables (VSTE) saw a notable increase of 171.5%, while Nuvve Holding (NVVE) faced a sharp decline of 28.2%. Other stocks such as Emeren Group (SOL) and SolarMax Technology (SMXT) also saw considerable gains, attributed to recent earnings reports. Conversely, companies like Laser Photonics (LASE) and Expion360 (XPON) experienced declines following their earnings announcements.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:31 pm

CXAI

INLX

MMAT

ONDS

In Monday's intraday session, several information technology stocks showed significant movement. CXApp, Meta Materials, and Ondas Holdings were among the top gainers, with CXApp leading at a 156.4% increase. On the losing end, Intellinetics, Sobr Safe, and Strong Global saw notable declines, with Intellinetics dropping by 23.2%. These movements reflect the dynamic nature of the tech stock market, influenced by factors such as quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:30 pm

HD

Home Depot Inc (NYSE:HD) shares fell after announcing the acquisition of SRS Distribution for $18.25 billion. Analysts from Wedbush and Telsey Advisory Group predict the acquisition will strengthen Home Depot's market positioning and drive earnings growth. Wedbush raised its price target from $380 to $410, citing the deal's potential to increase Home Depot's total addressable market by $50 billion. Telsey Advisory Group raised its price target from $335 to $360, noting the acquisition's accretive impact on non-GAAP earnings, despite being dilutive on a GAAP basis due to amortization expense.

Portfolio Pulse from Priya Nigam

April 01, 2024 | 4:29 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) shares surged after announcing Q4 FY23 results, including $37.7 million in revenue from three shipments of Quintuple Zero Green Lithium, and a Final Investment Decision to double production. The company reported a net loss of $(9.5) million and an adjusted EBITDA of $31.3 million. Capital expenditures were $6.5 million, with free cash flow around $30 million. Sigma Lithium plans to increase its annual lithium capacity to 520,000 tonnes by 2025, aiming to power approximately 1.8 million electric vehicles. The company also disclosed a delay in filing its annual information form and annual report due to additional audit procedures.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 4:23 pm

HP

Analysts have diverse views on Helmerich & Payne (NYSE:HP), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $43.71, down 1.04% from the previous $44.17. The company faces financial challenges, including a -5.9% revenue decline and a net margin below industry averages, despite a strong ROE and ROA. Helmerich & Payne operates a large fleet of land drilling rigs in the U.S. and has a presence in major U.S. shale plays.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:00 pm