Revenues
ZVSA
ZyVersa Therapeutics Inc (NASDAQ:ZVSA) stock is trading higher following the publication of an article in Acta Neuropathologica Communications. The article demonstrates that inflammasome activation enhances cancer metastasis to the brain in women with triple-negative breast cancer (TNBC). The study found that inhibiting NLRP3 inflammasomes prevents the proliferation of TNBC cells in the brain. ZyVersa is developing an Inflammasome ASC Inhibitor IC 100, targeting multiple inflammasomes including NLRP3. The company plans to submit an IND application for IC 100 in Q4 2024 and initiate a Phase 1 trial thereafter. ZyVersa's stock price has risen 19.90% to $0.83.
Portfolio Pulse from
Vandana Singh
January 17, 2024 | 4:31 pm
FROG
In the past three months, 6 analysts have updated their ratings on JFrog (NASDAQ:FROG), with a positive shift in sentiment. The average 12-month price target is now $37.17, up 13.22% from the previous $32.83. Analysts from firms including Needham, Truist Securities, Oppenheimer, Morgan Stanley, and Piper Sandler have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. JFrog's financials show a solid revenue growth rate of 23.12% as of September 30, 2023, but it has a below-average net margin and ROE, indicating potential profitability and efficiency challenges.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:01 pm
ADUS
Analysts have provided diverse opinions on Addus HomeCare (NASDAQ:ADUS) with 4 somewhat bullish ratings in the past quarter. The average 12-month price target is $107.5, a slight decrease from the previous $109.50. Analysts from Oppenheimer, TD Cowen, RBC Capital, and Stephens & Co. have maintained or lowered their price targets, with the highest at $118.00 and the lowest at $102.00. Addus HomeCare has shown solid revenue growth, a high net margin, and strong ROE and ROA, with a low debt-to-equity ratio.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:00 pm
IDXX
IDEXX Laboratories (NASDAQ:IDXX) has received mixed analyst ratings over the past three months, with 6 analysts offering diverse outlooks. The average 12-month price target is $546.17, with a high of $650.00 and a low of $460.00, reflecting a slight decrease from the previous average of $548.00. Analysts from firms including Goldman Sachs, Piper Sandler, JP Morgan, Barclays, and Stifel have updated their ratings and price targets, indicating varying levels of confidence in the company's performance. IDEXX develops diagnostic products for pets and livestock and has shown strong financial health with notable revenue growth, net margin, ROE, and ROA, but carries a higher debt-to-equity ratio than the industry average.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:00 pm
CASY
Casey's General Stores (NASDAQ:CASY) received mixed analyst ratings over the last quarter, with 4 analysts offering varied opinions. The average 12-month price target for CASY is $309.5, reflecting a 3.86% increase from the previous target of $298.00. Analysts from Benchmark, Stephens & Co., RBC Capital, and BMO Capital have provided ratings and adjusted price targets, with the highest target set at $340.00 by Stephens & Co. Casey's operates over 2,500 convenience stores and has shown solid revenue growth, strong net margin, and excellent ROE and ROA, indicating good financial health and efficient management. The company's market capitalization is above industry averages, and it has a lower than average debt-to-equity ratio.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:00 pm
LAD
Lithia Motors (NYSE:LAD) has been analyzed by four financial analysts, with one being somewhat bullish and three indifferent. The average 12-month price target for LAD is $313.5, with a high of $400 and a low of $259. Analysts from Evercore ISI Group, JP Morgan, Goldman Sachs, and Wells Fargo have provided recent evaluations, with one maintaining an 'Outperform' rating and three giving 'Neutral' ratings. Lithia Motors has shown strong financial performance with a 13.45% revenue growth rate, a net margin of 3.16%, an ROE of 4.45%, an ROA of 1.45%, and a debt-to-equity ratio of 1.7. The company has expanded through acquisitions and is the largest U.S. auto dealer.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:00 pm
AMX
Four analysts have recently updated their ratings on America Movil (NYSE:AMX), with a mix of opinions ranging from bullish to indifferent. Over the past quarter, there have been 2 bullish and 2 indifferent ratings, with a shift towards a more cautious stance in the last 30 days. The 12-month price targets set by analysts average $20.82, with a high of $22.80 and a low of $19.00, marking an increase from the previous average target of $20.17. America Movil, a major telecom carrier in Latin America, has seen a -3.3% decline in revenue growth as of September 30, 2023, but maintains a strong net margin of 1.0%. The company's ROE and ROA are below industry averages, and it has a conservative debt-to-equity ratio of 0.36.
Portfolio Pulse from
Benzinga Insights
January 17, 2024 | 4:00 pm
PLD
Prologis Inc (NYSE:PLD) reported Q4 FY23 results with rental revenue of $1.76 billion, missing consensus estimates of $1.81 billion. Core funds from operations (FFO) per diluted share increased to $1.26 from $1.24 year-over-year, and net earnings per share rose to $0.68 from $0.63. The company's average occupancy was 97.1%. Prologis issued $286 million of debt at a 2.0% interest rate. The company provided FY24 guidance with expected net earnings per share of $3.20 to $3.45 and core FFO of $5.42 to $5.56, with occupancy rates between 96.50% and 97.50%. Despite economic uncertainties, the CEO remains positive about 2024. PLD shares dropped 1.47% to $128.05 following the earnings release.
Portfolio Pulse from
Lekha Gupta
January 17, 2024 | 3:52 pm
TSLA
Tesla Inc (NASDAQ:TSLA) stock is trading lower, continuing a trend of over 8% loss in the past week. The decline is attributed to Tesla's recent price cuts for its Model Y vehicles in several European countries, including Germany, France, Norway, and the Netherlands, with reductions up to 8%. This follows similar price cuts in China amid rising competition. Investors are concerned about the impact of these price cuts on margins, especially with Tesla's Q4 financial results due on Jan. 24, where earnings of 74 cents per share on $25.515 billion revenue are expected. Last quarter, Tesla reported its smallest profit in two years and missed expectations.
Portfolio Pulse from
Adam Eckert
January 17, 2024 | 3:23 pm
BCEL
DATS
LQR
MIMO
PHUN
TSP
U.S. stocks traded lower with the Nasdaq Composite dropping over 200 points. Utilities shares rose slightly, while communication services shares fell by 1.6%. U.S. retail sales increased by 0.6% in December. Airspan Networks (MIMO) surged 300% due to a new partnership, LQR House (LQR) rose 23% after increasing its share buyback program, and Atreca (BCEL) gained 22%. Conversely, TuSimple Holdings (TSP) announced its intention to delist from Nasdaq, causing a 53% drop. Phunware (PHUN) and DatChat (DATS) fell 44% and 39%, respectively, after announcing pricing of their offerings.
Portfolio Pulse from
Avi Kapoor
January 17, 2024 | 3:20 pm
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