Streetbeat News

Stock Prices

HOTH

Hoth Therapeutics' stock is trading higher following the announcement of FDA approval to expand its HT-001 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:01 pm

MSFT

The article provides an analysis of Microsoft (NASDAQ:MSFT) in comparison to its competitors in the Software industry. It examines financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Microsoft shows potential value with a lower P/E ratio than the industry average, a lower P/B ratio suggesting undervaluation, but a higher P/S ratio indicating possible overvaluation. The company's ROE is below the industry average, but it has a strong EBITDA and gross profit, indicating robust profitability. However, Microsoft's revenue growth is slightly lower than the industry average. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a strong financial position.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

NVDA

NVIDIA (NASDAQ:NVDA) is analyzed in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics show NVIDIA has a lower P/E ratio than the industry average, suggesting potential for growth. However, its high P/B and P/S ratios may indicate overvaluation. NVIDIA's ROE is significantly higher than the industry average, indicating efficient equity use. Despite lower EBITDA and gross profit compared to the industry, NVIDIA's revenue growth far exceeds the industry average. NVIDIA also has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm

WABC

Westamerica Bancorp (NASDAQ:WABC) reported Q4 earnings of $1.48 per share, surpassing the consensus estimate of $1.46, marking a 1.37% year-over-year increase. However, their quarterly sales of $80.73M fell slightly short of the $80.86M estimate, though they were up 1.40% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:58 pm

PCSA

Processa Pharmaceuticals Inc (NASDAQ:PCSA) shares dropped 23% to $0.21 after announcing a 1-for-20 reverse stock split to meet Nasdaq's minimum bid price requirement. The split will reduce outstanding shares from 24.6 million to 1.2 million, effective January 22, with no fractional shares issued. Continental Stock Transfer & Trust will act as the exchange agent for the reverse stock split. PCSA's 52-week range is $0.18 to $1.27.

Portfolio Pulse from Henry Khederian

January 18, 2024 | 3:58 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) stock surged after announcing a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park for its vertical farming units and PX30 Hydrocarbon Extraction Lab. The California-based cannabis operator is expected to start operations with 120 VFUs in 2024. The news has resulted in a significant increase in trading volume for Agrify, with over 48 million shares traded compared to a 100-day average of 20,445 shares. The stock price has jumped 63% to $1.92.

Portfolio Pulse from Erica Kollmann

January 18, 2024 | 3:57 pm

VFS

VinFast's stock price has declined following the company's announcement that it missed its delivery target for 2023. This news could negatively impact investor confidence and raise concerns about the company's ability to meet future targets.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:56 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) stock is falling after announcing a potential $1 billion common stock offering. The company's shares hit a 52-week low following Q3 results and a 'going concern' warning. Analyst sentiment has turned cautious, with a recent downgrade from Susquehanna and concerns from KeyBanc about the impact of the offering on stock pressure. A business update is expected on Jan. 23, ahead of Q4 earnings next month.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 3:54 pm

UTEN

The U.S. Dollar Index (DXY) and U.S. Treasury yields rose due to strong economic data, reducing expectations for a Federal Reserve rate cut. Jobless claims dropped more than expected, and building permits exceeded estimates, while housing starts declined but still beat forecasts. The Philly Fed Manufacturing Index improved but remained in contraction. These indicators suggest a resilient economy, potentially affecting the Federal Reserve's interest rate decisions and providing opportunities in the homebuilder sector.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 3:45 pm

KHC

Kraft Heinz Co (NASDAQ:KHC), a top holding of Warren Buffett's Berkshire Hathaway, recently exhibited a bullish Golden Cross signal on its stock chart. The company's fundamentals are improving with strategic reinvestments in marketing and product innovation, contributing to bottom-line growth. Despite past performance issues, Kraft Heinz has outperformed the S&P 500 since October with a 16.5% total return. The stock offers a solid dividend yield and is engaged in a $3 billion share repurchase program, indicating a potential value stock for long-term returns.

Portfolio Pulse from Surbhi Jain

January 18, 2024 | 3:43 pm