Streetbeat News

Revenues

OMGA

Over the past three months, four analysts have evaluated Omega Therapeutics (NASDAQ:OMGA), with ratings ranging from bullish to bearish. The average 12-month price target is $10.5, with a high of $12.00 and a low of $6.00. Recent ratings include 'Buy' and 'Outperform' from HC Wainwright & Co., Wedbush, and Raymond James, while Chardan Capital lowered its target from $7.00 to $6.00. Omega Therapeutics has shown significant revenue growth but faces challenges with high debt levels and low ROE.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 1:00 pm

HNRA

HNR Acquisition Corp (NYSE:HNRA) announces key infrastructure improvements and upgrades to flowlines for producing wells and water injection systems, which will increase production and reduce monthly costs by $30K.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:56 pm

MCVT

Mill City Ventures III (NASDAQ:MCVT) reported a significant increase in Q2 earnings per share (EPS) to $0.06, up 500% from $0.01 YoY, despite a slight decrease in sales to $888.63K from $907.50K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:55 pm

FFNTF

4Front Ventures Corp. (OTCQX: FFNTF) reported a 31% YoY decrease in Q2 revenue to $18.7 million. Despite this, the company reduced its net loss to $4.87 million from $11.46 million last year. The Illinois facility saw a slight revenue drop but a 10% increase in wholesale revenue. Massachusetts showed a positive trend with a 31% growth in wholesale revenue. The company is expanding its Matteson, Illinois facility and introduced a new vape product. Shares closed 4.03% higher at $0.062.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 12:55 pm

BHAT

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is expanding into the gold trading industry through strategic partnerships. Gold prices have shown volatility and upward trends, with a notable high above $2,483 per ounce in July. The medium to long-term outlook for gold remains bullish due to safe-haven demand and economic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:54 pm

BTCUSD

MARA

Bitcoin mining profitability declined in July compared to June, with Bitcoin's price dropping over 6%. Jefferies lowered its price target for Marathon Digital (NASDAQ:MARA) from $22 to $17, maintaining a hold rating. Marathon Digital's shares dipped by 0.7% following the announcement. U.S.-listed mining companies increased their share of the total network hashrate from 20.7% to 21.1%. However, August could be more challenging due to Bitcoin's additional 5% price decline and increased network hashrate.

Portfolio Pulse from Murtuza Merchant

August 15, 2024 | 12:53 pm

BSFC

Blue Star Foods (NASDAQ:BSFC) reported Q2 EPS of $(1.52), a significant improvement from $(30.68) YoY. Sales increased by 7.34% to $1.78M from $1.66M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:49 pm

CDZI

Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:46 pm

SLNH

Soluna Holdings (NASDAQ:SLNH) reported Q2 earnings per share (EPS) of $(2.97), a significant improvement from $(6.75) YoY. Sales increased to $9.68M from $2.07M YoY, marking a 367.84% rise.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:46 pm

QQQ

SPY

U.S. retail sales surged by 1% in July, significantly exceeding expectations, while initial jobless claims fell short of forecasts, indicating a stronger labor market. Traders are now leaning towards a 25-basis-point rate cut by the Federal Reserve in September. U.S. index futures rose in premarket trading, with the Nasdaq 100, S&P 500, and Dow Jones futures all showing gains. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both recorded their fifth consecutive session of gains on Wednesday.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 12:44 pm