Streetbeat News

Equity Actions

BKR

A comprehensive industry comparison has been conducted, evaluating Baker Hughes (NASDAQ:BKR) in comparison to its major competitors within the Energy Equipment & Services industry. The analysis shows that Baker Hughes has a low PE ratio, indicating that its stock price is relatively low compared to its earnings. The low PB ratio suggests that the company's stock is undervalued based on its book value. Similarly, the low PS ratio indicates that the stock is trading at a lower price compared to its sales. On the other hand, Baker Hughes has high ROE, EBITDA, gross profit, and revenue growth, indicating strong financial performance compared to its peers in the industry.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 4:00 pm

STRM

Streamline Health Solutions Inc (STRM) shares are trading higher by 16% after the company announced a strategic restructuring plan to reduce expenses. The restructuring includes a 24% workforce reduction, resulting in a one-time cost of $0.8 to $1.2 million, expected to yield annual cost savings of about $5.8 million. The company also received a termination notice from a legacy client, which accelerated their restructuring plans. As a result, previous guidance has been suspended.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 3:46 pm

VFC

Activist investor Engaged Capital has built a significant stake in V.F. Corp (NYSE:VFC) and is pushing for changes, including cost-cutting initiatives that could save more than $300 million annually. Engaged Capital is now believed to be among the top 10 shareholders of VF Corp. The investor believes that by focusing on gross margin improvement and cost reductions, VF Corp's share price could rise to the mid-$40s within three years.

Portfolio Pulse from Adam Eckert

October 17, 2023 | 3:41 pm

CCHWF

TILT

TLLTF

RX Green Technologies has appointed Gary Santo as its new CEO. Santo has nearly three decades of experience in various sectors including cannabis, consumer credit, financial services, and technology. He has held senior positions at The Cannabist Company Holdings Inc (CCHWF) and TILT Holdings Inc. (TILT).

Portfolio Pulse from Jelena Martinovic

October 17, 2023 | 3:26 pm

TPST

Tempest Therapeutics, Inc. (NASDAQ:TPST) shares have seen a recent streak of volatility, with shares up nearly 3500% over the last five days. This surge followed the company's announcement of positive results from its ongoing Phase 1B/2 study of TPST-1120 combination, and a price target increase from $35 to $47 by HC Wainwright & Co. analyst Joseph Pantginis. The company also sold approximately 1.24 million shares of its common stock for gross proceeds of $7 million.

Portfolio Pulse from Erica Kollmann

October 17, 2023 | 3:18 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) shares surged after the company announced the closing of a $5 million private placement and regained compliance with the Nasdaq minimum bid price rule. The company issued 1,930,108 units consisting of two pre-funded warrants which are immediately exercisable and have a term of five years. The stock could be experiencing additional volatility due to the ongoing conflict in Israel.

Portfolio Pulse from Erica Kollmann

October 17, 2023 | 3:14 pm

BTCUSD

COIN

USDCUSD

USDTUSD

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has removed 80 non-USD trading pairs, including Bitcoin and stablecoins like Tether, from its platforms. The exchange notes that these markets account for an insignificant portion of its overall trading volume, so the impact on users would be minimal. Traders can continue trading these assets through USDC (CRYPTO: USDC) unification. This move follows a similar action in mid-September when Coinbase removed 41 non-USD markets. Coinbase's Q3 spot trading volumes have plunged 52% since 2022.

Portfolio Pulse from Khyathi Dalal

October 17, 2023 | 3:09 pm

FWRD

Ancora Holdings Group, a top shareholder of Forward Air Corporation (NASDAQ:FWRD), has released a presentation detailing the value creation opportunity at Forward Air. Ancora believes that this could deliver up to $145 per share for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:05 pm

VFC

Engaged Capital, LLC, a top shareholder of V.F. Corporation (NYSE:VFC), has issued a presentation outlining actions that could potentially triple VF Corp.'s share price in less than three years. The investment firm also expressed its desire to work with VF Corp.'s leadership to refresh the board and drive sustained value.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:04 pm

VFC

Engaged Capital, a top shareholder of V.F. Corporation (NYSE:VFC), has issued a presentation highlighting significant opportunities for value creation at the company. The investment firm believes there is a path to more than $300M in cost reductions through the elimination of duplicative costs and corporate excess.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:03 pm