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LFWD

Lifeward (LFWD) has announced that its financial guidance for 2024 and its profitability target for 2026, based on existing capital, remain unchanged. This indicates stability in the company's financial planning and a clear path towards its future profitability goals.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:49 pm

LFWD

Lifeward (formerly ReWalk Robotics Ltd., NASDAQ:LFWD) announced a 1-for-7 reverse stock split effective March 15, 2024, to meet Nasdaq's minimum share price requirement. The decision follows a shareholder vote on September 13, 2023, authorizing the Board to implement the reverse split. This action aims to keep Lifeward's shares listed on Nasdaq by increasing the per-share price above the $1.00 threshold. The reverse split will proportionally adjust the number of shares, warrants, and stock options, reducing the total outstanding shares from 60.1 million to approximately 8.6 million. Lifeward's financial guidance for 2024 and profitability target for 2026 remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:48 pm

NAAS

NaaS Technology Inc (NASDAQ:NAAS) shares plummeted 21.5% to $1.17 after announcing a $6 million registered direct offering. The offering includes the sale of 4,761,905 ADSs and warrants to purchase an additional 4,761,905 ADSs at $1.26 each. The warrants are exercisable at $1.49 per ADS six months post-issuance and expire in five years. The offering is expected to close around March 15, subject to standard conditions.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:46 pm

CRM

Salesforce (NYSE:CRM) has seen a notable options trading activity, with a mix of bullish and bearish sentiments among traders. Analysis revealed 21 unusual trades, with 47% bullish and 52% bearish. The trading activity suggests investors are targeting a price range of $200 to $330 for Salesforce in the coming months. Noteworthy options activity includes both calls and puts with varying sentiments and expiration dates. Salesforce's current market position shows a slight decrease in stock price by -0.55%, with an RSI indicating a potential approach to overbought territory. Analysts maintain positive ratings on Salesforce, with target prices ranging from $310 to $355.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:31 pm

QFIN

Qifu Technology's shares surged following the announcement of impressive Q4 financial results and a new $350 million share repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:17 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) shares surged after reporting Q4 FY23 sales of $2.28 billion, surpassing analyst estimates of $2.23 billion. Adjusted EPS was $5.44, beating estimates of $5.12. The company announced a 26% increase in its quarterly dividend to $1.13 per share and a new $1 billion stock repurchase program. FY24 revenue growth is projected between -3% to +3%, with an operating margin forecast of 16.5% to 16.8%. Shares rose 17.9% to $284.26.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 3:15 pm

LICY

Li-Cycle Holdings Corp (LICY) shares surged 20% to $0.70 after announcing a $75 million investment from Glencore plc through a senior secured convertible note agreement. This investment is intended to enhance Li-Cycle's liquidity during its strategic review process, particularly for the paused Rochester Hub project. Glencore will also gain increased representation on Li-Cycle's board. Li-Cycle plans to announce its full-year 2023 financial results by March 15.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:14 pm

SOS

SOS Ltd – ADR (NASDAQ:SOS) shares plummeted 30% to $1.49 after announcing a public offering of $7.85 million in ADSs and warrants. The offering includes 5,233,332 ADSs and warrants for an additional 10,466,664 ADSs at $1.50 each, exercisable immediately with a five-year term. The proceeds are aimed at funding cloud cryptocurrency mining, security, insurance, and general corporate purposes, with Maxim Group LLC as the placement agent. The offering is expected to close by March 15.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:05 pm

TPX

Five analysts have recently updated their ratings on Tempur Sealy Intl (NYSE:TPX), showing a generally positive outlook with upgrades in price targets and ratings. The average 12-month price target is now $60.2, reflecting a 20.4% increase from the previous $50.00. The company's financials indicate a strong market presence but a slight decline in revenue growth. However, its net margin, ROE, and ROA surpass industry standards, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen varied analyst ratings over the past three months, with a recent shift towards more positive evaluations. The average 12-month price target for VRT has been raised to $69.00, up 18.45% from the previous $58.25, indicating a bullish outlook from analysts. Key financial indicators show Vertiv Hldgs with strong market capitalization, revenue growth, net margin, ROE, and ROA, although its debt-to-equity ratio suggests high debt levels. Analysts from Evercore ISI Group, JP Morgan, and Mizuho have raised their price targets, reflecting optimism about the company's performance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm