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XPON

Expion360 Inc (NASDAQ:XPON) shares are down 70% today after announcing a public offering to raise approximately $10 million. The offering includes 50 million common units or pre-funded units, each priced at $0.20 or $0.199 respectively. Proceeds will be used to repay $3.4 million in debt and for working capital. Aegis Capital Corp. has a 45-day option to purchase additional securities to cover over-allotments. The offering is expected to close on August 8.

Portfolio Pulse from Henry Khederian

August 07, 2024 | 3:03 pm

FILUSD

Filecoin (FIL) has experienced a 3.91% price drop in the past 24 hours, continuing a week-long decline of 20%. Trading volume has surged by 58% over the past week, while the circulating supply has increased by 0.24%. Filecoin's market cap is currently ranked #38 at $1.95 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:03 pm

AMZA

ET

MLPA

SUN

Sunoco LP (NYSE:SUN) reported strong Q2 FY24 results, with revenues of $6.17 billion surpassing the consensus of $5.82 billion. The company sold over 2.2 billion gallons of fuel, with a slight decrease in fuel margin. Adjusted distributable cash flow and EBITDA saw significant increases. EPS of $3.85 exceeded expectations. Sunoco declared a distribution of $0.8756 per unit and reaffirmed its FY24 guidance. The company also formed a joint venture with Energy Transfer LP (NYSE:ET) and expects significant synergies from the NuStar deal. Investors can gain exposure via InfraCap MLP ETF (NYSE:AMZA) and Global X MLP ETF (NYSE:MLPA).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 3:02 pm

CLMB

Climb Global Solutions has acquired Douglas Stewart Software & Services for $20.3 million. This acquisition is expected to enhance Climb Global Solutions' presence in North America and expand its product portfolio. Douglas Stewart Software & Services reported an adjusted EBITDA of $5.3 million, which is a 10% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:01 pm

XLMUSD

Stellar (XLM) has seen a 4.77% price increase over the past 24 hours, reaching $0.10, despite an 8.0% loss over the past week. The trading volume has increased by 1.0%, and the circulating supply has grown by 0.32% to 29.40 billion. Stellar's market cap is $2.77 billion, ranking it #30.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:01 pm

GFS

Three analysts have recently shared their evaluations of GLOBALFOUNDRIES (NASDAQ:GFS), with ratings ranging from bullish to bearish. The average 12-month price target is $62.67, down 5.52% from the prior average. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. GLOBALFOUNDRIES faces challenges in revenue growth and return on equity, but maintains a strong net margin and conservative debt management.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:01 pm

AAPL

HPE

NTAP

PSTG

SMCI

The article provides a comprehensive comparison of Pure Storage (NYSE:PSTG) with its key competitors in the Technology Hardware, Storage & Peripherals industry. It highlights Pure Storage's high valuation ratios (P/E, P/B, P/S) and low financial performance indicators (ROE, EBITDA, gross profit, revenue growth) relative to industry averages. However, Pure Storage has a favorable debt-to-equity ratio compared to its top peers.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:00 pm

HLNE

Over the past three months, four analysts have shared their insights on Hamilton Lane (NASDAQ:HLNE), with all ratings being indifferent. Analysts have set a 12-month average price target of $130.5, reflecting a 6.97% increase from the previous target. Recent financials show a 56.63% revenue growth rate, a net margin of 27.37%, an ROE of 9.74%, and an ROA of 3.9%.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:00 pm

SFM

Sprouts Farmers Market (NASDAQ:SFM) has outperformed the market over the past 10 years with an average annual return of 12.15%, surpassing the market by 1.54% annually. A $100 investment in SFM 10 years ago would now be worth $293.11. The company currently has a market capitalization of $9.56 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:00 pm

MOD

Modine Manufacturing (NYSE:MOD) has outperformed the market over the past 15 years with an annualized return of 18.4%, significantly growing an initial $1000 investment to $12,758.47. The company currently has a market capitalization of $5.45 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 3:00 pm