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QNRX

Quoin Pharmaceuticals Ltd. (NASDAQ:QNRX) announced a public offering priced at $6.5M, involving 4,062,500 ordinary shares represented by American Depositary Shares and Series D and E warrants. The offering, managed by A.G.P./Alliance Global Partners as the sole placement agent, aims to raise funds for general corporate purposes, with a closing date expected around March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:02 pm

CARA

Cara Therapeutics (NASDAQ:CARA) has received mixed analyst ratings over the past three months, with a total of 4 bullish ratings. The 12-month price targets show an average of $4.62, with a high of $6.00 and a low of $2.50, marking a significant decline from the previous average. The company's financial performance indicates challenges in revenue growth and efficiency, with a notable revenue decline of -55.0% as of September 30, 2023, and below-average ROE and ROA. However, it maintains a strong net margin and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:01 pm

DSP

Viant Technology (NASDAQ:DSP) received mixed analyst ratings, with a recent shift towards more positive evaluations. The average 12-month price target is $10.5, reflecting a 29.31% increase from the previous target. The company's financial performance shows strong revenue growth and profitability metrics, outperforming industry averages. Analysts from Canaccord Genuity, Needham, and Raymond James have raised their price targets and ratings, indicating a positive outlook on the company's future.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:00 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) announced a registered direct offering of 4,624,280 shares at $0.865 per share, aiming to raise approximately $4.0 million. The offering includes warrants with an exercise price of $0.74, exercisable immediately and expiring in five years. A.G.P./Alliance Global Partners is the placement agent for this offering, which is expected to close by March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:00 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) reported Q4 earnings of 15 cents per share, surpassing the 8 cents estimate, with sales of $163.78 million beating the $158.21 million forecast. However, its FY2025 EPS guidance of 19-23 cents was below the 35 cents consensus. Shares rose 17.6% to $16.13. Bernstein raised GitLab's price target from $71 to $76, maintaining an Outperform rating, while Cantor Fitzgerald lowered it from $80 to $70, keeping an Overweight rating.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 12:59 pm

CARA

Cara Therapeutics shares are trading lower following the announcement of worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:56 pm

AAPL

VGT

XLK

Apple Inc's iPhone sales in China dropped 24% in the first six weeks of the year, placing it fourth among smartphone vendors in the country. The decline was attributed to a 7% contraction in China's overall smartphone market and strong performances by Vivo and Huawei, with Huawei's market share increasing to 16.5%. Apple's market share fell to 15.7%. In response, Apple introduced discounts and promotions. Investors can gain exposure to Apple through ETFs like Vanguard Information Tech ETF (VGT) and SPDR Select Sector Fund - Technology (XLK). AAPL shares dropped 2.25% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 12:55 pm

BTCUSD

El Salvador President Nayib Bukele showcases his anticipation for Bitcoin's potential new all-time high with a meme on social media. Bitcoin's market cap has reached $1.33 trillion, with its price slightly down at $67,080.11. Bukele remains a staunch supporter of holding Bitcoin, despite criticism, and has highlighted El Salvador's profits and acquisition methods.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 12:55 pm

ARKO

BGFV

CHH

RIVN

SMP

The article highlights the top 5 consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI), suggesting potential buying opportunities. These include Arko Corp. (ARKO), Choice Hotels International, Inc. (CHH), Standard Motor Products, Inc. (SMP), Big 5 Sporting Goods Corporation (BGFV), and Rivian Automotive, Inc. (RIVN), each with recent financial results and stock performance.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 12:53 pm

CTRN

CVNA

MWA

SEDG

Insiders have made notable purchases in Mueller Water Products, Citi Trends, Carvana, and SolarEdge Technologies, indicating confidence in these companies. Mueller Water Products and Carvana reported positive developments, while Citi Trends and SolarEdge Technologies faced challenges.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 12:53 pm