Streetbeat News

Equity Actions

GIGM

GigaMedia has announced the appointment of Chih-Hong Tsai and Wan-Wan Lin as new independent non-executive directors. This change comes after the departure of Casey Kuo-Chong Tung and Billy Bing-Yuan Huang from their director positions. The company is undergoing a board reshuffle which could influence its governance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 12:47 pm

BITF

Bitfarms Ltd. has entered into subscription agreements with institutional investors for a private placement of approximately C$60 million, issuing 44.44M shares at C$1.35 each. The deal includes warrants for up to 22.22M shares with an exercise price of C$1.61, valid for three years. The funds will be used to purchase miners, expand infrastructure, and improve working capital.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 12:33 pm

EIGR

Moshe Arkin has reported a 10.09% stake in Eiger Biopharmaceuticals and sent a letter to the board suggesting that the company should file a New Drug Application (NDA) for Lonafarnib, a potential treatment in their pipeline.

Portfolio Pulse from Charles Gross

November 24, 2023 | 11:16 am

VWAGY

Volkswagen (OTC:VWAGY) is developing a new entry-level electric vehicle platform, the A-Main Platform, targeting the Chinese market. The platform, an evolution of the MEB, will be ready by 2026 and will heavily involve Chinese suppliers. This move comes after Volkswagen lost its top position in China to BYD and faces competition from local EV makers. Volkswagen Group China Technology Company (VCTC) is developing the platform with a 1 billion euro investment and plans to hire over 2,000 people. Additionally, Volkswagen is collaborating with Xpeng Inc on two new EV models for launch by 2026.

Portfolio Pulse from Benzinga Neuro

November 24, 2023 | 9:37 am

AXP

American Express Inc. (NYSE:AXP) stock has seen a 14.27% increase over the past month and a 6.25% increase over the past year. Currently trading at $163.79, its P/E ratio is lower than the Consumer Finance industry average, which could indicate undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 8:30 pm

WM

Waste Management Inc. (NYSE:WM) stock is currently trading at $171.77, having increased by 5.50% over the past month and 4.44% over the past year. The company's P/E ratio of 30.39 is lower than the industry average of 37.88, which could suggest that the stock is undervalued or that shareholders expect lower future performance.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 6:30 pm

AMT

American Tower (NYSE:AMT) has seen a 24.32% increase in short interest since its last report, with 5.55 million shares sold short, representing 1.38% of its float. It would take about 2.14 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, AMT has a lower short interest as a percentage of float, with the peer group average at 4.55%.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 6:15 pm

AMAT

Applied Materials (AMAT) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. AMAT has a lower P/E ratio, suggesting potential value, but a higher P/B ratio, indicating a premium on assets. Its P/S ratio is below the industry average, suggesting undervaluation based on sales. AMAT's ROE, EBITDA, gross profit, and revenue growth are higher than the industry average, indicating strong financial performance. The company's lower debt-to-equity ratio suggests a favorable financial position.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm

ADSK

Autodesk (NASDAQ:ADSK) is analyzed in comparison to its competitors in the Software industry. The company's financial indicators such as P/E, P/B, P/S, ROE, EBITDA, Gross Profit, and Revenue Growth are evaluated. Autodesk shows a lower P/E ratio than the industry average, suggesting undervaluation, but a higher P/B ratio, indicating potential overvaluation in terms of book value. Its P/S ratio is below the industry average, which might suggest undervaluation based on sales. Autodesk's ROE is significantly above the industry average, indicating efficient equity use, but its EBITDA and gross profit are below the industry average, suggesting potential challenges. Revenue growth is also below the industry average, pointing to a challenging sales environment. The company's debt-to-equity ratio is moderate compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm

PLTR

Palantir Technologies (NYSE:PLTR) has seen a decrease in short interest, with the short percent of float dropping by 3.19% since the last report. The company has 155.67 million shares sold short, representing 8.19% of available shares. The average time to cover these short positions is 3.26 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Palantir has a higher short interest than its peer group average of 3.09%.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm