Streetbeat News

Stock Prices

IMAX

IMAX Corporation (NYSE:IMAX) and CineNOVA have announced a partnership to install four new IMAX with Laser systems in Turkey, marking the first introduction of this technology in the country. The installations are set to begin in 2024, with the aim to enhance the Turkish cinema experience and expand IMAX's footprint in a market where it has seen significant box office success. This deal represents a 50% increase in IMAX's presence in Turkey, highlighting the country's growing importance in IMAX's global strategy.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:01 pm

MAT

Eight analysts provided mixed ratings for Mattel (NASDAQ:MAT), with an unchanged average 12-month price target of $23.00. The ratings reflect a blend of bullish and bearish sentiments, with recent actions including both raised and maintained price targets. Mattel's financial performance is strong, with significant revenue growth, high net margin, and ROE, although its debt-to-equity ratio indicates a higher level of debt. The company's market position is solid, with substantial market capitalization and a diverse product portfolio.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:01 pm

SMBK

In the latest quarter, 4 analysts provided mixed ratings for SmartFinancial (NYSE:SMBK), with 3 somewhat bullish and 1 indifferent. The 12-month price targets set by analysts average at $25.5, with a high of $26.00 and a low of $24.00. Analyst actions included maintaining, raising, and lowering ratings, reflecting dynamic market conditions and company performance. SmartFinancial's financials show challenges, including a -12.61% revenue decline and below-industry benchmarks in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:01 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has been analyzed by 6 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $21.45, a slight decrease from the previous $21.83. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Cleveland-Cliffs, a major steel producer and iron ore pellet manufacturer in North America, has seen revenue growth but faces challenges in profitability and efficiency, with a market capitalization below industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:00 pm

BKR

Analyst ratings for Baker Hughes (NASDAQ:BKR) show a mix of bullish to bearish sentiments, with recent adjustments in price targets reflecting a slight negative outlook. The average 12-month price target has been adjusted to $40.4, down from $42.50, indicating a 4.94% decrease. Analysts from Benchmark, Susquehanna, RBC Capital, Barclays, and Citigroup have maintained or lowered their ratings, with price targets ranging from $39.00 to $42.00. Baker Hughes's financial performance shows strong revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:00 pm

AMST

ATXI

BOF

EDU

EVO

RBBN

U.S. stocks showed mixed performance with the Dow Jones falling over 100 points, while the NASDAQ rose slightly. Consumer discretionary shares led gains, while industrials fell. Ribbon Communications, BranchOut Food, and Amesite saw significant stock price increases following positive news, whereas Evotec, Avenue Therapeutics, and New Oriental Education & Technology experienced declines. Crude oil inventories dropped more than expected, impacting commodity markets.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 4:00 pm

ISUN

iSun Inc (NASDAQ:ISUN) shares plummeted by 46.6% to $0.08 after announcing a 1-for-20 reverse stock split, effective April 26, to comply with Nasdaq's minimum bid price requirement. The reverse split aims to maintain the bid price above $1.00 for 10 consecutive business days. Year to date, iSun's shares have declined by 80.64%, underperforming its historical averages. The stock's RSI of 8.84 suggests it is currently oversold.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 3:59 pm

GD

General Dynamics reported Q1 2024 earnings of $2.88 per share, missing the consensus estimate of $3.03, but showed a 9.09% increase from the previous year. Sales reached $10.730 billion, exceeding estimates of $10.317 billion, marking an 8.59% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:50 pm

BYD

TSLA

Tesla Inc (NASDAQ:TSLA) reported a significant sales decline and a halved profit but announced plans to accelerate affordable EV production, causing shares to surge almost 10% after-hours. Despite facing stiff competition from BYD Company Limited (OTC:BYD), known as the 'Tesla killer', Tesla is focusing on affordable EVs and AI investments, including a robotaxi reveal planned for August 8. The company's financials for the quarter ended March 31 showed a 9% revenue decline and a 55% net income drop, underperforming LSEG estimates.

Portfolio Pulse from Upwallstreet

April 24, 2024 | 3:49 pm

SHOP

Deep-pocketed investors have shown a bearish sentiment towards Shopify (NYSE:SHOP), as revealed by Benzinga's tracking of public options records. The analysis of options activities indicates a divided mood among investors, with a significant lean towards bearishness. The observed options activities suggest expectations of Shopify's stock price moving within a $69.0 to $80.0 range. Despite the bearish sentiment, Shopify's e-commerce platform continues to cater to small and medium-sized businesses, with its stock currently down by -2.36% and trading at $72.26.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:45 pm