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Revenues

HUT

Celsius Network LLC has emerged from bankruptcy, planning to repay up to $3 billion to creditors in cryptocurrency, fiat, and Ionic Digital stock. The reorganization plan, approved by the Bankruptcy Court for the Southern District of New York, received support from 98% of Celsius' account holders. The company will wind down operations and establish a new Bitcoin mining entity, Ionic Digital, Inc., managed by Hut 8 Corp. (NASDAQ:HUT). Ionic Digital's stock is expected to be publicly traded after receiving necessary approvals.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 2:27 pm

DSX

Diana Shipping has signed a time charter contract with Nippon Yusen Kabushiki Kaisha for a Newcastlemax vessel. The charter rate is set at $22,500, minus a 5% commission, for a period lasting from at least April 20, 2025, to a maximum of July 20, 2025.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:16 pm

MULN

Mullen Automotive has invoiced a total of $17,318,000.00 to date for its commercial vehicles, indicating a significant revenue stream from this segment of its business.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:14 pm

OMER

Omeros Corporation has entered into a royalty monetization agreement with DRI Healthcare Trust, receiving an upfront payment of $115 million. The deal also includes the potential for Omeros to earn an additional $55 million based on future sales milestones.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:13 pm

PTON

During a conference call, a Peloton executive stated that the relaunch of the Tread+ treadmill is expected to help increase the company's revenue in the fourth quarter on a year-over-year basis.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:09 pm

CELU

Celularity projects its FY24 net sales to be between $50M and $56M.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:09 pm

CELU

Celularity projects its Q1 2024 net sales to be between $10.25 million and $11.5 million.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:08 pm

ASH

Ashland (NYSE:ASH) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is $93.5, a 2.6% decline from the previous average. Recent actions include ratings and target adjustments by analysts from Wells Fargo, BMO Capital, Stifel, and UBS, reflecting changes in market conditions and company performance. Ashland, a specialty materials company, faces challenges with a -8.51% revenue decline and below-average ROE and ROA, despite a strong net margin and sound debt management.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:00 pm

OZK

Bank OZK (NASDAQ:OZK) received mixed analyst ratings, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target was raised to $48.6, indicating a 23.04% increase from the previous target. The bank's financial performance shows strong revenue growth, net margin, ROE, and ROA, outperforming industry benchmarks. However, its market capitalization remains below industry averages.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:00 pm

SBOW

Four analysts have recently updated their ratings on SilverBow Resources (NYSE:SBOW), with a mix of bullish and indifferent views. The average 12-month price target is now $44.75, down from $57.00, indicating a 21.49% decrease. Analysts from Mizuho, Citigroup, and Truist Securities have provided updated price targets and ratings, reflecting changes in market dynamics and company performance. SilverBow Resources, an independent oil and gas company, has seen a -28.17% decline in revenue growth as of September 30, 2023, and faces challenges in net margin, ROE, and ROA, despite maintaining a balanced debt approach.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:00 pm