STOCKS TELEGRAPH

Author: Shariq Khan

  • Pitney Bowes Inc. (PBI) stock plunged on Tuesday; here is why?

    Pitney Bowes Inc. (PBI) stock plunged on Tuesday; here is why?

    Pitney Bowes Inc. (PBI) declined in the normal trading session on Tuesday after the company announced its fourth quarter and fiscal year 2021. PBI is valued at $5.21, declining more than 15.42% from the previous value. The stock of PBI closed at $6.16 at the end of the previous trading session. The stock volume traded in the last trading session was approximately 1.94 million shares.

    Fiscal 2021 results of PBI

    • Pitney Bowes Inc. (PBI) reported revenue of $3.7 billion.
    • PBI announced a GAAP EPS loss of $0.01.
    • The company reported cash from operations was around $302 million.
    • There was $154 million in free cash flow.
    • Their cash and short-term assets totaled $747 million at the end of the year; we decreased their debt by $241 million and stretched our maturity profile.
    • Shipment-related revenues accounted for half of the overall income in 2015.
    • Global ecommerce revenue reached $1.7 billion, signifying a 5% increase over the previous year and a 48 percent increase over the current year.
    • Presort Services saw a 10% increase in revenue over the previous year, with an EBIT margin of 14% over the same period.

    Fourth Quarter of fiscal 2021 of PBI

    • Revenue fell by 4% to $984 million, representing a 4 percent decrease.
    • GAAP earnings per share of $0.01, adjusted earnings per share of $0.06.
    • Cash from operations under GAAP totaled $85 million.
    • The company generated $39 million in free cash flow.
    • Presort Services saw a 16 percent increase in sales and an 80 percent increase in EBIT over the previous year.
    • SendTech’s revenue decreased by 6 percent compared to the previous year.
    • Global Ecommerce revenue decreased by 9% compared to the previous year but increased by 46% compared to 2019.
    • According to the company, the company has entered into a sale-leaseback agreement for its Shelton site, which will generate roughly $50 million in cash and is expected to close in the first quarter of 2022.

    The effect on PBI stock

    The stock of PBI plunged in the current market following the news of its financial results. Investors are shying from investing in its stock due to its slight decrease in its performance.

    Conclusion

    Pitney Bowes Inc.’s (PBI) outlook for the future seems optimistic. The company expects to grow despite the challenging supply chain issues.

  • United Parcel Service, Inc. (UPS) surged in the current market; here is why?

    United Parcel Service, Inc. (UPS) surged in the current market; here is why?

    United Parcel Service, Inc. (UPS) stock gained in the current market after the company announced its results for the fourth quarter and fiscal 2021. UPS values $233.09, gaining more than 15% from the previously closed value. At the end of the last trading session, the stock closed at $202.21. The stock volume traded in the previous trading session was around 2.51 million shares.

    UPS: Highlights of Q4 2021

    United Parcel Service, Inc. (UPS) announced results for the fourth quarter and fiscal results of 2021. The company also provided the outlook for 2022 and expected a growth rate more significant than usual.

    • UPS recorded revenue of $27.8 billion in the fourth quarter of 2021. It increases more than 11.5% from the same quarter of 2020.
    • The operating profit was around $3.9 billion in Q4 2021. It is an increase of more than 91% from Q4 2020.
    • The company reported a diluted EPS of $3.52 in Q4 2021.

    Highlights of fiscal 2021

    • UPS revenue in fiscal 2021 was $97.3 billion. It is a gain of more than 15% from fiscal 2020.
    • The operating income of the company was around $12.8 billion. The adjusted profit is $13.1 billion. It is again of 50% yoy.
    • UPS’s operating margin was 13.2% in fiscal 2021. The adjusted operating margin for the same period was 13.5%.
    • The EPS was $14.68, and the adjusted EPS was $12.13. It excludes the impact of MTM pension gain and transformation and different charges.
    • United Parcel Service, Inc. (UPS) cash from operation was around $15 billion. The company’s cash flow was $10.9 billion in fiscal 2021.
    • United Parcel Service, Inc. (UPS) declared a quarterly dividend of $1.52 per share. Dividend yield saw an increase of 49% as compared to fiscal 2020.

    The effect of UPS stock

    The stock surged in the current market after announcing its fourth-quarter fiscal 2021 results. Investors are fascinated with the growth rate and are investing in its stock. There are a couple of reasons for it. One is the growth rate, while the other is its significant increase of 49% in the dividend yield.

    Conclusion

    United Parcel Service, Inc. (UPS) looks forward to continuing the growth rate and achieving new milestones in the business. The company expects revenue of $102 billion in fiscal 2022.

  • AMC Entertainment Holdings, Inc. (AMC) gained in the Pre-market; here is why?

    AMC Entertainment Holdings, Inc. (AMC) gained in the Pre-market; here is why?

    AMC Entertainment Holdings, Inc. (AMC) stock gained in the pre-market after the company announced its preliminary results for the fourth quarter of 2021. AMC values at around $17.92 in the pre-market, gaining more than 11.58% from the previously closed value. At the end of the last trading session, the stock closed at $16.06. The stock volume traded in the previous trading session was around 48.45 million shares.

    AMC Entertainment Holdings, Inc. (AMC) fourth-quarter preliminary results

    • AMC expects revenue of $1.171 billion in the fourth quarter of 2021. The revenue in the last year’s fourth quarter was around $162.5 million.
    • AMC expects a net loss of between $194.8-114.8 million. Last year’s net loss in the fourth quarter was around $946.1 million.
    • The company expects adjusted EBITDA between $146.8-151.8 million in the fourth quarter of 2021. In 2020’s fourth quarter, the adjusted EBITDA loss was $(327.5) million.
    • The company expects operating cash of $216.5 million in the fourth quarter of 2021.
    • At the end of the fourth quarter of fiscal 2021, the company had around $1.5925 billion in cash and cash equivalents. The company has $1.8016 billion worth of liquidity left.

    According to the AMC, they closed the year with their best quarter in more than two years. With outstanding EBITDA of more than $145 million, better-than-expected Operating Cash Created of more than $215 million, and a record year-ending cash position of $1.8 billion, the fourth quarter of 2021 represents a significant milestone.

    The effect on the AMC stock

    AMC Entertainment Holdings reposts outstanding performance in the fourth quarter of 2021. Investors respond positively to the news and take immense interest in its stock. The price may increase in regular trading as most traders prefer to trade during the regular trading hours.

    Conclusion

    AMC Entertainment Holdings, Inc. has provided some crucial data regarding its performance and has recovered a lot since the pandemic in 2020. Last year was terrible for the business. But the last quarter of 2021 represents that the company is bouncing back and will be profitable soon.

  • G Medical Innovations Holdings Ltd (GMVD) gained in the Pre-market; here is why?

    G Medical Innovations Holdings Ltd (GMVD) gained in the Pre-market; here is why?

    G Medical Innovations Holdings Ltd (GMVD) stock gained in the pre-market following the news of its announcement in a press release about its $12 million private placement. GMVD values at $5.40, gaining more than 9% from the previously closed value. The stock closed at $4.94 at the end of the previous trading session. The stock volume traded in the last trading session was approximately 3.81 million shares.

    GMVD announced a $12 million private placement

    An announcement was made today by G Medical Innovations Holdings Ltd (GMVD) confirming a securities purchase agreement with a single institutional investor.

    An additional 2,400,000 ordinary shares will be issued in a private placement. Preliminary estimates indicate that the purchase price per common shares and a related warrant will be $5.00, resulting in estimated gross earnings of about $12 million, before excluding placement agent fees and other offering costs paid by the Company. Upon issuance, the warrants will have an exercise price of $5.00 per ordinary share, will be exercisable instantly, and have an expiration date of five years from the date of issuance.

    The private placement will close on or about February 2, 2022. According to the press release, the funds raised from the share sale would repay current loans and work capital.

    For the private placement, A.G.P./Alliance Global Partners serves as the sole placing agent on behalf of the underwriters.

    The effect on the GMVD stock

    The announcement of the private placement has a significant effect on the stock. Its stock surged in the pre-market. Pre-market is a volatile trading session as most investors trade in the regular trading session. Despite it, the investors were responding positively to the stock.

    Conclusion

    The company is looking forward to using the proceeding in different business operations. It will help them pay current loans and use the remaining cash as working capital.

  • ImmunityBio, Inc. (IBRX) gained in the after-hours; here is why?

    ImmunityBio, Inc. (IBRX) gained in the after-hours; here is why?

    The stock of ImmunityBio, Inc. (IBRX) gained in the after-hours when the company announced its promising results for its study. IBRX values at around $6.20, gaining more than 6.5% from the previously closed value. The stock closed at $5.82 at the end of the previously closed session. The stock volume traded in the last trading session was around 1.97 million shares.

    IBRX announced clinical study results.

    ImmunityBio, Inc. (IBRX) today announced promising study results. ImmunityBio’s (IBRX) IL-15 superagonist shows to activate CD4+ and CD8+ T cells as well as natural killer (NK) cells in HIV patients (N-803). Anktiva activates latent HIV replication in CD4 memory cells, allowing CD8 and NK cells to detect and kill previously concealed infected cells. This method is critical for killing latent virus-carrying cells, lowering viral reservoirs in ART-suppressed HIV patients, and finally eliminating the virus from the body.

    Three functions of ImmunityBio’s IL-15 superagonist Anktiva shows to aid the immune system to eradicate HIV reservoirs and manage virus rebound:

    • Anktiva demonstrates to reverse HIV latency (where the virus’ genetic code persists, but no virus generates), allowing infected cells to elude identification and destruction by the immune system.
    • It activates NK cells and CD8+ T cells, two immune system components that target virus-infected cells.
    • It allows NK cells and CD8+ T cells to migrate into lymphoid organs, where they are more likely to encounter and kill HIV-infected cells.

    The effect on the stock 

    IBRX stock gained in the after-hours when they announced its results for the clinical study. Investors are responding positively to the significant development in the study. The stock is volatile after-hours, but it may increase more when the regular trading session starts.

    Conclusion

    ImmunityBio, Inc. (IBRX) is now in the later stage of drug development. Those companies that reach the trials’ final stages manage to get the FDA approval. IBRX may also get that approval. Investors are betting on the stock seeing the results.

  • FGI Industries Ltd. (FGI) stock gained in the current market; here is why?

    FGI Industries Ltd. (FGI) stock gained in the current market; here is why?

    FGI Industries Ltd. (FGI) gained significantly in the current market after the company announced its initial public offering or IPO on January 27, 2022. FGI is trading at around $5.95 in the current market. It is again of approximately more than 57.82%. The stock closed at $3.77 in the previous trading session. The stock volume traded in the last trading session is around 1.95 million shares.

    FGI is roaring after IPO

    In a press release, FGI Industries announced that it had closed its initial public offering of 2,500,000 units On January 27, 2022. Each comprises one common stock, $0.0001 par value, and one warrant, exercisable at $6.00 per share.

    The Warrants are effective instantly and for five years following issue. These were issued individually in the offering and could exchange immediately. The underwriters purchased all of their additional Warrants. According to the Company, after deducting expected underwriting discounts and commissions and projected offering expenses, the net proceeds from the IPO will be $12.5 million. Under the IPO, FGI granted the underwriters’ agent a warrant to purchase 50,000 shares.

    On January 25, 2022, an underwriter agreement between FGI Industries and The Benchmark Company, LLC, acting underwriter representative. A warrant agreement was signed between FGI Industries and Continental Stock Transfer & Trust Company on January 27, 2022.

    Effect on its stock

    The stock of FGI gained in the pre-market today with a market cap of nearly around 36.8 million USD. Pre-market is a volatile trading session, and the price usually increases when the regular trading session starts. Investors are responding positively to the new company listed on NASDAQ.

    Conclusion

    The company has entered 2022 with a solid bang. The company is yet to announce its fourth quarter and fiscal year results of 2021. If they maintained to keep the previous quarter’s growth rate, then their stock could increase depending on the situation.

  • Knightscope, Inc. (KSCP) surged in the Pre-market; here is why?

    Knightscope, Inc. (KSCP) surged in the Pre-market; here is why?

    Knightscope, Inc. (KSCP) stock gained in the pre-market after it announced that it had added another Fortune 500 company list to its clientele. KSCP values at $20.22, gaining more than 24.55% from the previously closed value. At the end of the last trading session, the stock closed at $16.29. The stock volume traded in the previous trading session was around 15.26 million shares.

    Knightscope, Inc. (KSCP) added another Fortune 500 company

    Knightscope, Inc. (KSCP) announced in a press release that Securitas, one of the nation’s top security corporations and a Knightscope channel partner, has added a Knightscope K5 to the security program the nation’s largest financial institutions. Knightscope, Inc. is a developer of advanced physical security technologies that aim at improving the effectiveness of US security operations.

    Knightscope is a high-tech security technology company. It is situated in Silicon Valley that creates self-driving security robots that deter, identify, and report risks to persons and property. Knightscope is a leader in the development of fully autonomous security robots. Ultimately, Knightscope wants to see the United States of America become the safest country on the earth, which is their long-term aim.

    Knightscope has added yet another Fortune 500 company to its list of satisfied customers and partners. A self-driving security robot known as the K5 will be installed in a newly constructed parking garage to prevent car thefts, loitering, and other forms of criminal trespassing.

    The effect on the stock

    The stock gained significantly in the pre-market following the news. Investors are responding positively to the extensive clientele of its business. Such an addition to the company will create more revenue streams.

    Conclusion

    Knightscope, Inc. (KSCP) is a potential player in the security robots business and aims towards making the United States the safest country. The company’s future outlook seems promising and is constantly adding innovation to the business.

  • WISeKey International Holding AG (WKEY) surged in the Pre-market; here is why?

    WISeKey International Holding AG (WKEY) surged in the Pre-market; here is why?

    WISeKey International Holding AG (WKEY) gained in the pre-market after the company announced its unaudited preliminary results of fiscal 2021. WKEY values at $3.71 in the pre-market, gaining more than 14.15% from the previously closed value. At the end of the last trading session, the stock closed at $3.25. The stock traded volume in the previous trading session was approximately 314.83K shares.

    WISeKey International Holding AG (WKEY) preliminary results of fiscal 2021

    WISeKey International Holding AG (WKEY) is anticipating revenue of around $22.2 million in fiscal 2021. Their expectation is about 50% growth in the revenue compared to the $14.8 million in 2022. It is quite a good performance despite the supply chain disruptions due to Covid-19.

    WISeKey International Holding AG (WKEY) has been experiencing extraordinary demand for IoT semiconductor solutions, resulting in a $39 million backlog of purchase orders. They currently receive $1.3 million in new orders per week. While shortages in the semiconductor industry project to continue in 2019, their supply chain team is working hard to convert most of this backlog into revenue in 2022, with specific delivery dates extending into 2023.

    WISE.ART is a fully-fledged marketplace secured by WISeKey’s different security solutions, allowing the verification of physical and digital assets and integrating KYC checks. The WISe.Art platform’s NFT design generates an irreversible link to the physical object, proof of ownership, provenance, and a set of contracts outlining future use and revenue streams.

    In addition to supporting the growth of its NFT WISe.Art platform, WISeKey’s strong cash position of $34.4 million at year-end 2021 supports its newly disclosed crypto mining activity.

    The effect on the stock gain

    The company’s stock gained significantly in the pre-market after announcing unaudited results for 2021. The massive increase in revenue despite supply chain disruptions and diversification in the NFTs business caught the investor’s attention.

    Conclusion

    The company has introduced two new products. VaultIC 292 and VaultIC 408 are the two additions to its Vaultic brand. They will have a significant contribution to the business.

  • NextPlay Technologies, Inc. (NXTP) declined after-hours; here is why?

    NextPlay Technologies, Inc. (NXTP) declined after-hours; here is why?

    NextPlay Technologies, Inc. (NXTP) slightly declined in the after-hours. The decline was due to the announcement in its latest press release. NXTP values at around $0.58, losing about 6.5% from the previously closed value. The company’s stock closed at $0.62 in the previous trading hours. The stock volume traded in the last trading session was around 1.82 million shares.

    Ample Health chooses Loongroot of NextPlay Technologies, Inc. (NXTP) for STO

    It was announced today by NextPlay Technologies, Inc. (NXTP) that its licensed Longroot digital token offering platform will act as financial advisor and underwriter for Ample Health’s proposed security token sale (STO).

    Ample Health is a new cannabis business in Southeast Asia that has just launched. NXTP will utilize the cash obtained through the STO to fund further growth and global expansion initiatives within the company.

    Longroot will develop the STO and raise the necessary funds to launch it. It will assist Ample in obtaining regulatory approval, after which it will assist in pricing and launching the STO through the Longroot platform.

    Fortune Business Insights expects the global cannabis industry to grow from $28.3 billion in 2021 to $197.74 billion in 2028, or a tenfold rise.

    The transaction expects to raise between $100 and $250 million. Longroots anticipates receiving a management and placement fee from the gross proceeds of the transaction intends to close in the summer of 2022.

    The effect on the stock decline

    NextPlay Technologies, Inc. (NXTP) declined after this news. The decrease is insignificant, and it may regain its value in the regular trading session. The stock is volatile in these hours as most investors trade in the regular trading session.

    Conclusion

    NXTP may arise in the future because the company is planning to fuel its growth strategies with STO proceedings. The cannabis market is growing globally, and this diversification is a good development in the business.

  • Eros STX Global Corporation (ESGC) plunged in the after-hours; here is why?

    Eros STX Global Corporation (ESGC) plunged in the after-hours; here is why?

    Eros STX Global Corporation (ESGC) plunged in the after-hours when the company announced that its Board of Directors had approved the reverse stock split of its common stock. ESGC values at $0.22, losing more than 23% from the previously closed value. The stock closed at $0.29 in the previous trading session. The stock volume traded in the last trading session was around 7.46 million shares.

    The reverse stock split of ESGC common stock

    The Board of Directors of Eros STX Global Corporation (ESGC) approved a one-for-twenty reverse stock split of its existing A and B ordinary shares. It will take effect at 5:00 p.m. Eastern Time on February 7, 2022, and the Company’s A common shares will trade post-split on February 8, 2022.

    ESGC’s A common shares will keep trading on the NYSE under the ticker ESGC. The Reverse Stock Split expects to enhance the market price per share of the Company’s ordinary shares. The aim is to recover compliance with the NYSE’s minimum trading price criteria.

    It reduces A ordinary shares from 357.3 million to 17.9 million, and B common stock shares from 21.7 million to 1.1 million. The Reverse Stock Split will not affect the common shares’ rights or preferences but will adjust the par value per share proportionally.

    The Reverse Stock Split will not issue fractional shares. A reverse split happens when the intraday volume-weighted average price (VWAP) for the Company’s A ordinary shares on the NYSE for five trading days preceding the Effective Date averages over a fraction of one share. Computershare Trust Company will serve as the reverse stock split’s exchange broker.

    The effect of Reverse Stock Split on the ESGC stock

    Eros STX Global Corporation (ESGC) was down as soon as the news got public. The company was expecting that the reverse stock split would help them regain value to meet the compliance with NYSE. But the decision to reverse stock backfired. Most of the traders trade in the regular session, due to which the stock is volatile in the after-hours.

    Conclusion

    Eros STX Global Corporation (ESGC) stock is on edge. The company is trying hard to meet the compliance with NYSE or it effects its continuation of listing in the market,