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A new analysis suggests that Ethereum's native cryptocurrency, Ether (CRYPTO: ETH), is currently undervalued by 27% compared to its fair value. The report applies Metcalfe's law, which states that the value of a network is proportional to the square of its active users, to Ethereum. It also highlights Ethereum's diverse application use cases and its surpassing of Bitcoin (CRYPTO: BTC) in terms of active users in 2023.

Portfolio Pulse from Murtuza Merchant

September 18, 2023 | 2:00 pm

APLD

Analysts have provided bullish ratings for Applied Digital (NASDAQ:APLD) in the last quarter, with 7 positive ratings. The average 12-month price target for the company has increased by 12.12% from the previous average price target of $13.70 to $15.36.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:00 pm

GEHC

GE HealthCare Techs's (NYSE:GEHC) short percent of float has risen 38.22% since its last report, with 11.32 million shares sold short, which is 3.11% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, GEHC has less short interest as a percentage of float, which is 3.26% on average.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:00 pm

SCS

Steelcase (NYSE:SCS) is set to release its latest quarterly earnings report on Tuesday, 2023-09-19. Analysts estimate an earnings per share (EPS) of $0.20. The company's past performance shows it beat EPS estimates last quarter, which led to an 8.15% increase in share price. However, the stock has been down 6.52% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:00 pm

SPY

The USA NAHB Housing Market Index for September has been reported at 45, lower than the estimated 50 and the prior value of 50.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:00 pm

MARA

Marathon Digital Holdings Inc's (NASDAQ:MARA) shares are trading higher by 3.5% amid an increase in the price of Bitcoin. The company, which is involved in Bitcoin mining, can see increased revenue from its operations as the price of Bitcoin rises. Investors are awaiting the outcome of the upcoming Federal Reserve’s Federal Open Market Committee (FOMC) meeting, which could impact the Bitcoin market.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 1:59 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) announced a private placement of up to $50 million, causing its shares to trade lower. The company entered into subscription agreements with institutional investors for a private placement of nearly 23 million units at $1.09 per unit. The private placement is expected to result in gross proceeds of approximately $25 million, potentially climbing to $50 million. Canopy intends to use the additional liquidity for working capital and general corporate purposes.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 1:58 pm

MSTR

Shares of MicroStrategy Inc (NASDAQ:MSTR) are trading higher by 3.6% amid an increase in the price of Bitcoin. MicroStrategy holds a significant amount of Bitcoin on its balance sheet, and the increase in Bitcoin's price positively impacts the company's asset value and stock price. The market is currently anticipating the outcome of the upcoming Federal Reserve’s Federal Open Market Committee (FOMC) meeting on September 20.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 1:55 pm

AGRI

AVGR

CGC

ELWS

SQL

SSKN

WORX

US stocks traded mostly higher with the Dow Jones gaining over 50 points. Energy shares rose by 0.8% while real estate shares fell by 0.8%. Canopy Growth Corporation (CGC) entered into subscription agreements with institutional investors in a private placement offering. SCWorx Corp. (WORX), Avinger, Inc. (AVGR), and SeqLL Inc. (SQL) saw their shares rise significantly. Earlyworks Co., Ltd (ELWS), STRATA Skin Sciences, Inc. (SSKN), and AgriFORCE Growing Systems Ltd. (AGRI) saw their shares drop.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 1:53 pm

NEPT

Trading of shares for Neptune Wellness Solutions has resumed.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:52 pm