Streetbeat News

Equity Actions

ASTI

Ascent Solar Technologies, Inc. (ASTI) has made significant progress in reducing its debt, having paid off one institutional investor completely and substantially paid off another, leaving an approximate balance of $6,700 in notes payable and $200,000 in outstanding payables. The company plans to clear the remaining balances following its next equity raise.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:27 pm

EXAI

Exscientia Plc has filed for a mixed shelf offering of up to $300 million, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:25 pm

MOGO

Mogo Inc. has announced it will resume share repurchases under its NASDAQ buyback program. In 2023, Mogo repurchased and cancelled 474,353 common shares at an average price of $2.36 per share. Including the 600,000 shares bought back in 2022, the total comes to 1,074,353 shares, or 4.4% of its outstanding shares. Currently, Mogo has 24.5 million common shares issued and outstanding.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:19 pm

SPIR

Spire Global's stock is trading lower following the announcement of a $30 million registered direct offering, pricing 2,142,858 shares at $14.00 each.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:13 pm

SPIR

Spire Global has announced a registered direct offering of 2,142,858 shares priced at $14.00 per share, aiming to raise $30 million. This move could impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:10 pm

ATLX

SGML

Atlas Lithium Corporation (NASDAQ:ATLX) has announced the appointment of Brian Talbot as Chief Operating Officer and Board member, effective April 1, 2024. Talbot, a lithium industry veteran with a strong background in development and operations, joins Atlas Lithium as the company prepares for its first production and revenue in Q4 2024. Talbot's previous roles include COO at Sigma Lithium Corporation (NASDAQ:SGML) and positions at Galaxy Resources, now part of Arcadium Lithium PLC.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 1:04 pm

FBK

FB Financial has announced a new $100M common stock repurchase authorization, signaling confidence in the company's financial health and potentially leading to an increase in its stock price due to the reduced supply of shares.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:03 pm

LINC

Analyst ratings for Lincoln Educational Servs (NASDAQ:LINC) show diverse outlooks, with recent evaluations ranging from bullish to bearish. The average 12-month price target is $12.75, reflecting a 10.87% increase from the previous target of $11.50. Key analysts have maintained or raised their ratings, with price targets ranging from $12.00 to $13.50. Lincoln Educational Servs has shown solid revenue growth of 11.71% as of December 31, 2023, but lags behind industry peers. The company's net margin and ROE outperform industry standards, while its high debt-to-equity ratio poses financial management challenges.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:00 pm

JAGX

Jaguar Health's (NYSE:JAGX) short interest has decreased by 3.7%, now representing 7.8% of its float with 3.96 million shares sold short. This decline in short interest could indicate a more bullish sentiment towards JAGX among investors. Compared to its peers, JAGX has a higher short interest percentage of float, with the average being 2.05%. Short interest is a critical metric for gauging market sentiment, potentially impacting stock price movements.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:00 pm

SNPS

Synopsys (NASDAQ:SNPS) has been evaluated by 7 analysts over the last three months, showing a predominantly bullish outlook with 6 bullish and 1 somewhat bullish ratings. The average 12-month price target for SNPS has been raised to $637.14, up from $624.80. Analysts from firms including Rosenblatt, Baird, Needham, Stifel, and B of A Securities have maintained or raised their price targets, reflecting positive sentiment towards the company's market position, revenue growth, and financial health.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:00 pm