Streetbeat News

GTI

Graphjet Technology

https://www.graphjettech.com

Industry

Industrial Materials

Graphjet Technology Sdn. Bhd. engages in the production of graphene and graphite raw materials. It utilizes palm kernel shells to produce single layer graphene and artificial graphite. Graphjet Technology Sdn. Bhd. is based in Kuala Lumpur, Malaysia.

Open

0.11

Mkt cap

16M

Volume

2.1M

High

0.11

P/E Ratio

-10.70

52-wk high

13.32

Low

0.10

Div yield

N/A

52-wk low

0.10

Several major stocks, including AutoNation, Baxter International, and others, are experiencing declines in Monday's pre-market session. AutoNation's drop is attributed to a cyber incident at CDK Global affecting its Q2 profit. Baxter International's decline follows a downgrade by Morgan Stanley.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 12:14 pm

Graphjet Technology (NASDAQ:GTI) received a delinquency notification from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company is working to resolve the issue, and the notice has no immediate effect on its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:19 pm

Vaxxinity, Inc. announced its intention to voluntarily delist and deregister its Class A common stock, causing a sharp decline in its shares by around 55%. Other stocks experienced significant movements, with Matterport, Inc. seeing a jump due to an acquisition announcement by CoStar Group, and various companies reporting gains due to positive developments such as USDA approvals, IPO pricing, and compliance regains. Conversely, several companies faced declines due to negative news such as wind-down activities, delisting determinations, and price reductions.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 5:26 pm

In Monday's intraday session, several industrials stocks experienced significant movements. Momentus, SolarMax Technology, and Captivision were among the top gainers, with Momentus leading at a 48.9% increase. On the downside, Dragonfly Energy Holdings, MingZhu Logistics Holdings, and Expion360 were notable losers, with Dragonfly Energy Holdings dropping by 14.4%. These movements reflect notable volatility within the industrials sector.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:31 pm

Matterport, Inc. (MTTR) shares surged following the announcement of its acquisition by CoStar Group, Inc. (CSGP) for an estimated $1.6 billion. Other stocks like Sea Limited (SE), Ingevity Corporation (NGVT), and MicroStrategy Incorporated (MSTR) also recorded significant gains, driven by upgrades, analyst recommendations, and the rise in Bitcoin, respectively.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 2:10 pm

Graphjet Technology announced the immediate resignation of CFO Tham Choi Kuen due to health reasons. Aiden Lee Ping Wei, the current CEO, will serve as interim CFO, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:10 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Notably, Complete Solaria (CSLR) surged by 40.7%, while Tritium DCFC (DCFC) plummeted by 62.9%. Other notable movers include Surf Air Mobility (SRFM) and Ault Alliance (AULT) with significant gains, and Professional Diversity (IPDN) and BioNexus Gene Lab (BGLC) among the losers.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 4:31 pm

Cannabis industry valuations and multiples for major MSOs have increased Y/O/Y, driven by rescheduling prospects. The EV/NTM EBITDA multiples for 14 MSOs showed an aggregate 39% increase, with notable exceptions like Jushi, TerrAscend, and Ascend experiencing declines. Factors influencing these changes include variations in enterprise value and EBITDA estimates, with a general trend towards valuing EBITDA at higher multiples despite a decrease in EBITDA estimates for some. Companies like Cresco and Ascend, showing modest valuation multiples but increased EBITDA expectations, may warrant further investigation.

Portfolio Pulse from Viridian Capital Advisors

April 18, 2024 | 4:19 pm

M&T Bank Corporation reported Q1 earnings with a slight revenue miss and EPS in line with consensus, causing its shares to surge 5.4%. Other stocks like Snap One Holdings and Encore Wire also saw significant gains due to acquisition news, while companies like Medical Properties Trust and BRF S.A. experienced price increases following strategic moves and upgrades. The overall market sentiment was positive, with the Dow Jones index gaining over 100 points.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 2:44 pm

JPMorgan Chase & Co. shares fell by 5.1% despite beating first-quarter earnings and revenue expectations, with other stocks experiencing significant movements in Friday's mid-day session. Notable gainers include PaxMedica, EZGO Technologies, and Allarity Therapeutics, among others, with various reasons for their stock movements. Conversely, several companies faced declines, such as Motus GI Holdings, Lixiang Education, and Monogram Orthopaedics, each with specific challenges impacting their stock prices.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 6:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.