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TPET

Trio Petroleum Corp (TPET) has restarted oil production at McCool Ranch Field, Monterey County, with the HH-1 and 58X wells producing approximately 400 barrels of fluid per day. The 35X well is also expected to restart soon. Additionally, oil production will restart at the South Salinas Project's HV-3A well. TPET acquired McCool Ranch in October 2023 and plans to develop the area further with horizontal wells. The company aims to increase cash flow and shareholder value through smart acquisitions and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:47 pm

EFSH

1847 Holdings LLC (AMEX:EFSH), a diversified acquisition holding company, is focusing on increasing shareholder value and positioning for growth in 2024 by shoring up capital, streamlining operations, and divesting non-core assets like 1847 Asien Inc. This strategy includes securing a $1 million credit facility for High Mountain Door & Trim Inc., paying off $1.95 million in debt, and eliminating $6.4 million in outstanding debt and liabilities. These moves aim to enhance operational profitability, reduce expenses and liabilities, and enable the company to pursue accretive growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:43 pm

MCFT

MasterCraft Boat Holdings projects its FY24 adjusted EPS to be between $1.53 and $1.78, compared to the estimated $1.60. The company also forecasts revenue to range from $400M to $412M, against an estimated $405.592M.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:41 pm

BTDR

Bitdeer Technologies Holding Company (BTDR) announced preliminary Q4 total revenue of $114.8M, a significant increase from $77.1M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:39 pm

LNTH

Lantheus Holdings, Inc. (LNTH) has announced that the U.S. Food and Drug Administration (FDA) has approved DEFINITY, an ultrasound enhancing agent, for use in pediatric patients. This approval expands the potential patient base for DEFINITY, which is already used in adult patients to improve the clarity of ultrasound images. The approval for pediatric use could lead to increased demand and usage of DEFINITY, potentially impacting Lantheus' revenues and market position positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:32 pm

SOFI

Galileo Financial Technologies, independently operated by SoFi Technologies, Inc. (NASDAQ:SOFI), has expanded its collaboration with The Bancorp Bank to offer real-time payments via the RTP network from The Clearing House. This partnership aims to address cash flow challenges for SMBs and consumers by enabling instant money movement between bank accounts. The integration facilitates the implementation of instant payments for Galileo's clients, offering benefits such as faster transactions, enhanced customer satisfaction, and improved cash flow management. In Q3 2023, the RTP network recorded 64 million transactions worth $34 billion.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:20 pm

AUUD

Auddia announced that acquiring all three of its targeted companies would result in nearly 10M monthly active users, over $5M in annual revenue, and more than $3M in operating cash flow.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:07 pm

LTRN

Lantern Pharma's AI platform, RADR, has surpassed 60 billion data points and is expected to reach over 100 billion in 2024, significantly advancing cancer therapy development. This growth enhances drug candidate development, including LP-184 and LP-284, through improved drug sensitivity, combination treatment outcomes, and biomarker data analysis. The expansion into immuno-oncology studies and molecular feature extraction from numerous molecules aims to streamline oncology drug development, making it more precise and cost-effective. Lantern's strategy has led to a substantial increase in data points since its IPO, facilitating new drug indications and accelerating development timelines.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:05 pm

PGR

Progressive (NYSE:PGR) has received mixed analyst ratings over the last quarter, with a total of 9 analysts offering varied perspectives. The recent updates show a shift towards more bullish sentiments, with price targets being raised by several analysts, indicating a positive outlook on the stock. The average 12-month price target is now $191.89, up from $182.14, suggesting a 5.35% increase. Progressive's financial performance shows strong revenue growth and ROE, but challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:02 pm

TOST

In the last three months, 11 analysts have shared their views on Toast (NYSE:TOST), with ratings ranging from bullish to bearish. The average 12-month price target is $21.45, marking a 27.45% increase from the previous target of $16.83. Analysts have adjusted their ratings and price targets based on market dynamics and company performance. Toast, a U.S.-based restaurant technology company, has shown a revenue growth rate of 34.9% as of December 31, 2023, but faces challenges with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:02 pm