Streetbeat News

Stock Prices

APM

Trading for APM was halted at 7:55:05 a.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:55 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares dropped in premarket trading on Wednesday after reporting Q4 financial results and guidance below estimates. The company's shares have lost over 70% in the last six months, underperforming the S&P 500. ChargePoint reported a quarterly loss of 23 cents per share, with sales missing analyst estimates. The company also announced a revenue forecast for the next quarter significantly lower than expected. Additionally, ChargePoint highlighted its collaboration with AcBel Polytech for developing EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 12:52 pm

CECO

CECO Environmental Corp (NASDAQ:CECO) exceeded Q4 expectations with adjusted earnings of 28 cents per share and sales of $153.71 million, surpassing estimates. The company raised its 2024 revenue and adjusted EBITDA forecasts. Following the report, HC Wainwright & Co. and Needham increased their price targets for CECO, despite its shares falling 17.9% to close at $18.81.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:39 pm

VBNK

VersaBank (NASDAQ:VBNK) reported Q1 earnings of $0.36 per share, surpassing the $0.35 estimate, marking a 44% increase from last year. However, their sales of $21.35M fell short of the $22.43M estimate, despite being an 11.49% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:39 pm

AFMD

Affimed announced a 1-for-10 reverse stock split, leading to its shares trading lower. This financial maneuver is often undertaken by companies aiming to increase their stock price to meet exchange listing requirements or to improve perceptions of the stock's value among investors. However, it can also signal underlying issues or a lack of positive growth prospects, which might concern investors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:37 pm

NEXN

Nexxen International (NASDAQ:NEXN) reported Q4 adjusted EPS of $0.20, surpassing the $0.14 estimate, with sales of $95.92M exceeding the $88.580M estimate. This represents a 33.33% decrease in earnings and a 10.94% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:35 pm

CELZ

Creative Medical Technology Holdings' shares surged following the announcement of FDA Orphan Drug Designation for its product CELZ-101.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:34 pm

WVE

WAVE Life Sciences reported having $200M in cash and cash equivalents as of December 31, 2023. In the first quarter of 2024, the company received an additional $34M from a milestone payment from GSK and the full exercise of the Greenshoe option. This financial boost extends the company's operational runway into the fourth quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:34 pm

PHGE

BiomX has entered into a merger agreement with Adaptive Phage Therapeutics (APT) in a stock-for-stock transaction, accompanied by a $50 million private placement financing. Post-merger, BiomX's former stockholders will own about 55% of the new entity, while APT's former stockholders will own approximately 45%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:32 pm

BASE

Couchbase, Inc. (NASDAQ:BASE) exceeded Q4 sales expectations and provided positive Q1 sales guidance. Despite a GAAP loss of 44 cents per share, sales reached $50.1 million, surpassing estimates. The company anticipates Q1 revenue between $48.1 million and $48.9 million, above the expected $47.0 million. Following the report, Couchbase shares dropped by 3.8%. Analysts from Wells Fargo and Guggenheim raised their price targets for BASE, citing the company's strong performance and growth potential.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:32 pm