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URBN

Urban Outfitters reported a 10% increase in total company net sales for the two months ended December 31, 2023, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:37 pm

BTCUSD

El Salvador's sovereign bonds, particularly the one due in June 2035, have surged over 200% following the country's Bitcoin investments turning profitable. Bitcoin's value doubled, coinciding with the bond rally and the anticipated approval of a Bitcoin ETF. El Salvador's economy grew by 3.6% in Q3 2023, and its Bitcoin portfolio has seen a 10.2% increase in profits. Despite IMF warnings about the risks of Bitcoin as legal tender and Bitcoin-backed bonds, El Salvador's financial strategy appears successful for now.

Portfolio Pulse from Piero Cingari

January 09, 2024 | 2:24 pm

NBY

SNOA

NovaBay Pharmaceuticals and Sonoma Pharmaceuticals have reached an agreement to market Avenova-branded products in the European Union. Under the agreement, Sonoma will manufacture the eye product Ocudox and pay NovaBay a royalty fee based on net product sales. The products will be marketed through Sonoma's European distribution network, leveraging NovaBay's Avenova brand and Sonoma's distribution expertise.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:18 pm

RR

Richtech Robotics Inc. (NASDAQ:RR) showcased advanced AI capabilities for its robot bartender ADAM at CES 2024, promising enhanced human-like interactions and efficiency. The technology aims to address labor challenges and improve customer experiences in the hospitality industry. With its IPO completed in November 2023, Richtech targets the growing $4.7 trillion U.S. hospitality market, offering solutions to staffing shortages and underutilized technology in the sector.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:15 pm

RICK

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) reported a 5.9% YoY increase in sales for its Nightclubs and Bombshells restaurants, totaling $73.3 million for Q1 ended December 31, 2023. Nightclubs sales rose by 8.4%, while Bombshells sales declined by 4.6%. The company noted an improvement in same-store sales trends and is exploring strategic opportunities for Bombshells. Full financial results are expected before February 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:09 pm

ILMN

Illumina has reported preliminary consolidated revenue for 2023 at $4.497 billion, which is slightly higher than the estimated $4.45 billion.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:02 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has announced a strategic initiative to monetize its real estate holdings throughout 2024. The company aims to capitalize on the increased value of its land, which has appreciated due to entitlements secured over the past three years. The monetization strategy, which includes the $11.5M Contribution Agreement of Lago Vista, is expected to generate non-dilutive capital and support the advancement of other projects, with minimal shareholder dilution.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:01 pm

UBER

Uber Technologies (NYSE:UBER) has received diverse analyst ratings in the last three months, with 16 analysts offering opinions ranging from bullish to bearish. The average 12-month price target is $63.44, up from $60.36, with a high estimate of $75.00 and a low of $51.00. Analysts have recently adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Uber's market capitalization is above industry averages, and it has shown a revenue growth rate of 11.37% as of September 30, 2023. The company's net margin is 2.38%, ROE is 2.45%, ROA is 0.63%, and it has a debt-to-equity ratio of 1.17.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:00 pm

AFL

Aflac (NYSE:AFL) has been evaluated by 4 analysts over the last three months, with recent ratings showing a bearish trend. The average 12-month price target for Aflac is now $78.25, up from the previous $71.50, indicating a potential upside of 9.44%. Analysts from Goldman Sachs, Evercore ISI Group, Morgan Stanley, and JP Morgan have all raised their price targets for Aflac, although ratings range from 'Sell' to 'Neutral'. Aflac's financial performance is strong, with notable revenue growth, high net margin, and efficient asset and equity management. The company's debt-to-equity ratio is also below industry norms.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:00 pm

ARDX

Ardelyx (NASDAQ:ARDX) has received diverse analyst ratings in the last three months, with 4 analysts offering views ranging from bullish to bearish. The average 12-month price target is $11.75, up 11.9% from the previous $10.50, with a high estimate of $15.00 and a low of $9.00. Analysts from Raymond James and HC Wainwright & Co. have raised their price targets, while Wedbush maintains its target. Ardelyx is a biotech company with a focus on gastrointestinal and cardiorenal diseases, and its lead product is tenapanor. The company has shown a revenue growth rate of 1030.99% as of September 30, 2023, a net margin of 11.76%, an ROE of 4.22%, an ROA of 2.65%, and a low debt-to-equity ratio of 0.18.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:00 pm