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BKKT

Bakkt Holdings Inc (NYSE:BKKT) shares plummeted to a new all-time low of $0.33, down 16.3%, following the announcement of a 1-for-25 reverse stock split effective at the close of trading on April 26. The adjusted Class A Common Stock will begin trading on April 29. Despite the decline, BKKT and its Public Warrants will remain listed on the NYSE under the symbols 'BKKT' and 'BKKT WS'. Over the past year, BKKT shares have fallen by 74.87%, with a significant drop of 24.71% over the past month. The stock's all-time high was $42.52, and it currently has a Relative Strength Index of 20.82, indicating oversold conditions.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 4:13 pm

ONB

Analyst ratings for Old National (NASDAQ:ONB) show a mix of bullish to indifferent sentiments, with recent price target adjustments reflecting a slight decrease in expectations. The average 12-month price target is now $19.75, down from $20.00. Analysts from Barclays, RBC Capital, and Keefe, Bruyette & Woods have provided updates, with Barclays' Jared Shaw raising the target to $21.00. Old National's financials indicate a challenging revenue trend with a -16.48% growth over 3 months, yet strong profitability metrics like a net margin of 27.65% and ROE of 2.48%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:01 pm

EXP

Eagle Materials (NYSE:EXP) has been evaluated by 11 financial analysts over the last three months, showing a diverse range of opinions from bullish to bearish. The average 12-month price target for EXP is $274.18, indicating a 17.76% increase from the previous target of $232.82. Analysts from firms like Stephens & Co., Goldman Sachs, and Citigroup have raised their price targets, reflecting optimism about the company's performance. Eagle Materials, a producer of construction products and building materials, has shown positive revenue growth and exceptional financial metrics such as net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:01 pm

ISUN

iSun Inc (NASDAQ:ISUN) shares plummeted by 46.6% to $0.08 after announcing a 1-for-20 reverse stock split, effective April 26, to comply with Nasdaq's minimum bid price requirement. The reverse split aims to maintain the bid price above $1.00 for 10 consecutive business days. Year to date, iSun's shares have declined by 80.64%, underperforming its historical averages. The stock's RSI of 8.84 suggests it is currently oversold.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 3:59 pm

ATXI

Avenue Therapeutics Inc (NASDAQ:ATXI) shares plummeted 28.5% to $0.09 after announcing a 1-for-75 reverse stock split to meet Nasdaq's minimum bid price requirement. The split, effective April 26, will reduce outstanding shares to approximately 0.6 million. This move aims to maintain its Nasdaq listing by ensuring a minimum bid price of $1.00 per share.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 3:39 pm

HUM

Humana has revised its 2025 adjusted EPS growth outlook, stating that due to several variables that will not be clear until later this year, it is prudent to wait for greater clarity before providing specific guidance. The company no longer considers the previously stated target range of $6 to $10 of adjusted EPS growth for 2025 as appropriate.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:35 pm

EPI

EWZ

FLIN

FXI

INDA

INDY

SMIN

WisdomTree's CIO, Jeremy Schwartz, highlights India as a leading investment destination among emerging markets, driven by its robust population growth and GDP expansion. The WisdomTree India Earnings Fund ETF (EPI) has outperformed other emerging market ETFs, including those tracking Chinese and Brazilian equities. Schwartz attributes this success to India's economic policies and anticipates further growth if Prime Minister Narendra Modi wins the upcoming spring elections and continues his pro-business reforms. Other Indian-equity tracking ETFs also showed positive returns this year.

Portfolio Pulse from Surbhi Jain

April 24, 2024 | 3:22 pm

BKKT

Bakkt Holdings announced a 1-for-25 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:09 pm

DRCT

Direct Digital Holdings (NASDAQ:DRCT) has received unanimous bullish ratings from 5 analysts in the last three months, with an average 12-month price target of $24.5, indicating a 15.29% increase from the previous target. The company's financial performance shows strong growth and profitability, with a notable revenue growth rate of 128.87% and a high ROE of 64.34%, despite a high debt-to-equity ratio of 3.81.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:01 pm

PG

The analysis compares Procter & Gamble (PG) against competitors in the Household Products industry, highlighting its financial metrics, market position, and growth prospects. PG shows signs of undervaluation based on PE and PB ratios, strong profitability with high EBITDA and gross profit, but lower revenue growth compared to the industry. The company's high PS ratio suggests potential overvaluation based on sales, and its ROE indicates possible inefficiency in utilizing equity.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:01 pm