Streetbeat News

Revenues

PDD

Analysts have mixed ratings for PDD Holdings, with recent adjustments showing a downward trend in price targets. The average 12-month target is now $168.29, down from $201.14. Despite this, PDD Holdings shows strong financial performance with high revenue growth and profitability metrics.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 1:01 pm

PNTG

Pennant Group Inc (NASDAQ:PNTG) has been analyzed by 5 analysts, showing a range of ratings from indifferent to somewhat bullish. The average 12-month price target is $33.2, up from $28.60. Analysts have raised their price targets, reflecting positive sentiment. Pennant Gr has shown strong financial performance with a 27.57% revenue growth rate, a net margin of 3.37%, and a return on equity of 3.76%. However, its debt-to-equity ratio is higher than the industry average.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 1:01 pm

MGM

MGM Resorts Intl's stock has seen a 15.94% increase over the past month and an 8.13% increase over the past year. Its P/E ratio is lower than the industry average, suggesting potential undervaluation or lower growth expectations. Investors should consider other metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 1:00 pm

BABA

FXI

JD

KWEB

LI

NIO

XPEV

Chinese stocks listed in the US, including Alibaba, JD.com, and NIO, are rallying due to anticipated stimulus measures from Beijing. The stimulus is expected to benefit e-commerce and electric vehicle sectors, with significant fund inflows into Chinese and Hong Kong markets. Alibaba and other e-commerce stocks are trading higher, while Chinese EV stocks like NIO and XPeng also see gains. The potential fiscal stimulus could range from 1.5 trillion to 2 trillion yuan.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 1:00 pm

BRFH

Barfresh Food Group, Inc. (NASDAQ:BRFH) has launched its new 'Pop & Go' 100% juice freeze pops, targeting the education sector. The company reported a record Q3 revenue of over $3.6 million, a 40% increase from last year, and expects to start generating revenue from 'Pop & Go' in Q4 2024. Barfresh anticipates record annual revenue and improved margins for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:46 pm

UGRO

urban-gro has been contracted to provide architectural and interior design services for a project with the Henry County Water Authority. The financial terms were not disclosed, but the majority of the revenue from this contract is expected to be recognized by the end of Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:45 pm

LGCY

Legacy Education (AMEX:LGCY) reported a 25% increase in Q4 EPS to $0.10 and a 34.10% increase in sales to $12.75M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:38 pm

LOBO

LOBO anticipates an 80% year-over-year revenue growth in 2024, driven by recent capacity expansion, new product launches, and entry into new markets. The company also expects margin improvements in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:33 pm

OESX

Orion has secured a 5-year contract valued at up to $30 million to supply LED lighting fixtures for a major retail customer's new store construction projects. The annual contract value is estimated between $4.5 million and $6 million, with initial shipments starting in fiscal Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:29 pm

AMBO

Ambow Education Holding's shares rose following the announcement of a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:27 pm