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CBSTF

Cannabist Company Holdings Inc. (OTCQX:CBSTF) reported a 76% decrease in Q4 net loss to $72.5 million and a consistent annual revenue of $511 million for 2023. The company highlighted cost reduction programs, debt retirement of $30.6 million, and a positive adjusted EBITDA of $69.6 million for the year. Despite these improvements, CBSTF shares dropped 11.7029% to $0.252 post-market close on Tuesday. The company plans to expand its retail footprint and leverage investments in cultivation and manufacturing in 2024.

Portfolio Pulse from Jelena Martinovic

March 13, 2024 | 1:00 pm

CNX

Analyst ratings for CNX Resources (NYSE:CNX) show a mix of bullish and neutral stances, with recent updates indicating a positive shift. The average 12-month price target is $21.75, up from $21.25, with individual targets ranging from $17.00 to $28.00. Analyst actions include both raises and a lower adjustment in price targets, reflecting dynamic market conditions. CNX Resources, a natural gas and midstream company, faces challenges with a -54.31% revenue decline but shows strong profitability and financial health indicators such as a high net margin of 130.93%, ROE of 12.36%, and ROA of 6.0%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

SKIN

The Beauty Health Company (NASDAQ:SKIN) reported Q4 revenue of $96.80 million, surpassing expectations of $87.63 million, but posted a quarterly loss of 7 cents per share, in line with market estimates. Gross margin decreased to 47.2% from 67.8% year-over-year. CEO Marla Beck highlighted the company's operational reset and the untapped global opportunity for BeautyHealth. The company forecasts Q1 revenue between $77 million and $83 million, below analysts' expectations of $85.53 million. Following this, Piper Sandler and Stifel adjusted their price targets for SKIN, with shares jumping 20.1% in pre-market trading.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:59 pm

MINM

Minim, Inc. (NASDAQ:MINM) shares surged premarket after announcing a definitive merger agreement with e2Companies, LLC in an all-stock deal. Post-merger, e2Companies will become a wholly owned subsidiary of Minim, with e2Companies' interest holders owning approximately 97% of the combined entity. The merged company, expected to operate as e2Companies, Inc. and trade on the Nasdaq, aims to focus on grid modernization solutions. The transaction is anticipated to close in Q2 2024.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 12:57 pm

HPCO

Trading for HPCO was halted and then resumed at 8:55 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:55 pm

MDRR

SATS

UNFI

Insider purchases at United Natural Foods, EchoStar, and Medalist Diversified REIT indicate confidence in these companies' prospects. United Natural Foods reported Q2 earnings beating expectations, EchoStar saw a price target adjustment from JP Morgan, and Medalist Diversified REIT's stock has gained around 7% over the past month.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:52 pm

GXAI

Gaxos (GXAI) shares are trading higher following the announcement that the company has acquired rights to use AI-enabled technology from Ultiself. This strategic move is expected to enhance Gaxos's product offerings and potentially improve its market position.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:50 pm

NVDA

TSLA

Wedbush's Dan Ives remains optimistic about Tesla Inc. (TSLA), citing AI and Full Self-Driving (FSD) advancements as key drivers that could elevate the company's market cap over $1 trillion. Despite a challenging first quarter, projections suggest Tesla could reach 2.1 million units by 2024. Ives emphasizes the compelling risk/reward at current levels, with AI and FSD making significant strides. Additionally, Tesla's Dojo supercomputer project, utilizing Nvidia Corp.'s (NVDA) GPUs, supports FSD development. Amidst compensation and voting control concerns by Elon Musk, Wedbush maintains a $315 price target for Tesla, advising the board to implement measures to support Musk's leadership and address the stock's challenges.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 12:49 pm

DLTR

FIVE

Five Below shares are trading lower due to negative sentiment from Dollar Tree's disappointing Q4 financial results and lower than expected Q1 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:48 pm

ACDC

PFHC

ProFrac's stock is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:48 pm