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SXTP

60 Degrees Pharmaceuticals has priced its offering of 5,260,901 units at $0.385 per unit and an additional 999,076 pre-funded units at $0.375 each.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:03 pm

FFIN

First Finl Bankshares (NASDAQ:FFIN) has been the subject of diverse analyst ratings over the past three months, with 4 indifferent ratings in total and 1 in the last 30 days. Analysts have raised their 12-month price targets, with an average of $32.25, reflecting a 9.32% increase from the previous $29.50. The company operates in community banking in Texas and has shown a -2.08% revenue decline as of December 31, 2023, but outperforms industry averages in net margin, ROE, and ROA, and has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:01 pm

MPW

Analysts have recently updated their ratings and price targets for Medical Properties Trust (NYSE:MPW), with a new average price target of $4.62, representing a 52.22% decrease from the previous target of $9.67. The ratings range from 'Sell' to 'Hold', with price targets varying from $2.00 to $7.00. The company's financial health shows a revenue decline of -12.99% over the past 3 months, a high net margin of 37.97%, and a strong ROE of 1.4%. Medical Properties Trust is a healthcare facility REIT with a lower market capitalization compared to industry averages and is considered for mergers and acquisitions as part of its growth strategy.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:00 pm

NPCE

NeuroPace (NASDAQ:NPCE) has been analyzed by 6 analysts, showing a mix of bullish to indifferent sentiments. The average 12-month price target is $11.83, a significant increase from the previous $8.00. Analysts from firms like Leerink Partners, Lake Street, Morgan Stanley, Cantor Fitzgerald, and JP Morgan have provided ratings and adjusted price targets. NeuroPace is a medical device company focusing on epilepsy treatments, with recent revenue growth of 47.23% and a market cap below industry average. The company has a high debt-to-equity ratio of 4.38, and its ROE and ROA are below industry standards.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:00 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) shares dropped after announcing a proposed public offering of 1,251,700 shares at $4.50 each, aiming to raise $5.63 million for working capital and general corporate purposes. The offering is expected to close on Feb. 1. The current stock price is below the 200-day moving average of $15.16, which traders often view as a bearish signal.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 1:53 pm

SIDU

Sidus Space, Inc. has announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share, which has led to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:52 pm

CTNT

Cheetah Net Supply Chain Service has entered into a definitive agreement to acquire Edward Transit Express Group. The deal includes a $300,000 cash payment and shares of Cheetah's unregistered Class A common stock. The stock price for the deal is set at 80% of the average closing price over the last ten business days before the agreement. The total market value of the share consideration is $1,200,000, which will result in Cheetah owning 100% of Edward following the acquisition.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:48 pm

BSGM

BioSig Technologies, Inc. has announced initiatives to reduce its cash burn by 50%. The company is implementing cost reduction strategies to improve its financial stability and extend its cash runway. This move is likely in response to current market conditions and the need to optimize operations for long-term success.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:35 pm

ACBA

Ace Global Business Acquisition Limited (ACBA), a SPAC, announced that its Sponsor has deposited $98,858.95 into the Trust Account to extend the deadline for a business combination by one month, from February 9, 2024, to March 8, 2024. This deposit, representing about $0.05 per share, allows more time to complete a business combination. In return, the Company issued a promissory note to the Sponsor, convertible into units at $10.00 per unit upon a business combination.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:09 pm

PTN

Palatin Technologies, Inc. (PTN) has announced a registered direct offering of 1.8 million shares at $5.46 per share, raising $10 million. Additionally, the company will issue warrants for the same number of shares, exercisable at $5.46, starting six months from the closing date and expiring four years later.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:07 pm