STOCKS TELEGRAPH

Author: ST Staff

  • Scientific Games Corporation [SGMS] Rallies after the Entry of Strategic Investors

    Scientific Games Corporation [SGMS] Rallies after the Entry of Strategic Investors

    Scientific Games Corporation [NASDAQ: SGMS] is one of the biggest gainers this afternoon and is up by over 40%. This follows the company’s announcement that MacAndrews & Forbes were selling 34.9% in the company to a group of institutional investors.

    They are selling the stake at $28 a share. On top of that, the company announced that it was reorganizing its board of directors in a move that would see the inclusion of Jamie Odell and Toni Korsanos as executive chairman and the executive vice-chairman respectively.

    The excitement around this stock comes from the nature of the buyers for the MacAndrew & Forbes shares. The company announced that the stake was being sold to gambling industry investors that include Caledonia. This has a number of positive implications:

    Expertise  

    By bringing in institutional investors that have expertise in gambling, the company can leverage this to grow its market share, and revenues. This could see investors keep bidding up the stock up in the near-term, in anticipation of a jump in price.

    In the long run, the expertise and market experience of the institutional investors are likely to drive up the company’s intrinsic value. The company has already stated that it would use the deal to start the implementation of a transformative strategy that would see it grow shareholder value in the long run.

    The capital to grow its market

    The company has stated that part of its strategy is to focus on digital gaming, and sports betting. The company is aware that these lucrative markets are dominated by DraftKings and FanDuel. As such, it aims to take aggressive measures to penetrate this market.

    This requires both money and social capital, and the company will benefit from the monetary and social capital of the institutional investors to get into this market. Given how lucrative the sports gaming market is, the company’s long term value stands to grow. In the short-term, the company also stands to benefit as investors take positions in anticipation of the company’s intrinsic value in the long run.

    With all these factors at play, this stock is uniquely positioned to grow in value. Externally, the value of this stock could benefit from the discovery of a COVID-19 vaccine, as it would drive up the entire market. It would also lead to a jump in consumer spending, which is key to driving up consumption.

    About Scientific Games Corporation

    Scientific Games Corporation is a gaming technology company. It makes electronic gaming machines, and server gaming systems.

     

  • Stocks to Watch as AstraZeneca Raises COVID-19 Vaccine Hopes

    Stocks to Watch as AstraZeneca Raises COVID-19 Vaccine Hopes

    The markets are headed for a strong start to the week, with the NASDAQ, the S&P 500, and the Dow all in the green. This follows optimism that a COVID-19 vaccine is now closer than ever. Over the weekend, AstraZeneca announced that it was continuing with late-stage tests for its COVID-19 vaccine trials with the University of Oxford.

    The trials had been put on hold earlier after one of the participants suffered an adverse reaction.  The restart of the program means that a vaccine could be in the offing any time before the end of 2020.  The excitement around a vaccine stems from the fact that COVID-19 has had an adverse effect on the world economy. Entire sectors such as travel and tourism have been hit hard.

    Unemployment has also been high all through the pandemic thereby hitting consumer spending. Given that the U.S economy runs on consumer spending, there is optimism that a vaccine, and a return to normalcy, would help restart the economic engine, and drive the economy to new heights, and possibly return to the economic strength that was experienced before the pandemic.

    As market-wide optimism rises, stocks that have positive news coming out are outperforming the market in early morning trading and could do better than average in the day. Some of the top performers this morning are as below:

    Immunomedics Inc [NASDAQ: IMMU]

    Immunomedics Inc is a top performer this morning and is up by over 100%. This follows news that Gilead was buying the company in a $21 billion deal. This means that Gilead is offering $88 per share, or a premium of 108% compared to the stock’s Friday’s close.

    The deal will be financed in a mix of cash and debt and will give Gilead access to Immunomedics’ breast cancer treatment that has already been approved by the FDA. Commenting on the deal, Gilead CEO Daniel O’Day stated that the acquisition was a step forward in strengthening the company’s portfolio of oncological treatments.

    Cassava Sciences Inc [NASDAQ: SAVA]

    Cassava Sciences Inc is another top performer this morning and is up by over 100% pre-market. This follows the company’s announcement of results from its phase 2b clinical study for Sumifilam, the company’s treatment for Alzheimer’s. The company noted that patients who were put under the treatment recorded more cognitive improvement compared to those put on a placebo. The company also noted that the treatment was well-tolerated.

    J.Jill Inc [NYSE: JILL]

    Jill Inc is another top performer this morning and is up by over 50%. This follows the company’s announcement that it would be restructuring out of court. The company stated that it had received a nod from 97.8% of its lenders to go ahead and restructure without the need for a court judge.

     

     

  • Is It Right Time To Invest In Taoping Inc. (NASDAQ: TAOP)?

    Is It Right Time To Invest In Taoping Inc. (NASDAQ: TAOP)?

    Taoping Inc. (NASDAQ: TAOP), an IT service management company has revealed that it has signed a securities purchased agreement with its investors. Taoping has decided to issue an aggregate of 222,222 ordinary shares, no par value, a convertible note with a principal amount of $1,480,000, and a warrant to purchase 53,333 ordinary shares at $9.0 per share to its investor. The company will receive the gross proceeding of $2.0 million before subtracting estimated expenses.

    Taoping Inc has earlier announced the 1- for 6- reverse stock split of issued ordinary shares. The reverse stock split is planned to increase the per-share trading price of the ordinary shares of the company to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ stock market. Taoping stocks have been garnering attention since the reverse stock split decision.

    The company saw a sharp growth in its early years as it was included in the Deloitte Top 500 High-tech & Fast-growth in the Asia Pacific in 2009 and Forbes Most Promising SMEs in China list in 2011. But the past 15 years was not shown much strength of the company. Its market revenue was below $14 million earlier this year. It has a limited history of selling cloud-based products due to the ongoing pandemic.

    The company disclosed that it is unable to implement a long-term business plan if it is not able to secure additional financing. TAOP is currently unable to predict its future. Investors have not paid much attention to the Taoping stock in recent years.

    Shares of Taoping traded up 8.21% as it gained +0.23 at $3.03 on Friday. In the past 52-weeks of trading, this company stock has fluctuated between the low of $1.86 and a high of $15.00. It has traded up 62.90% from its 52-weeks low and traded down -79.80% from its 52-weeks high. Taoping Inc market capitalization has remained high, hitting $20.51 million at the time of writing.

    Taoping has earlier launched the two new smart screen products including the 43-inch screen and the 55-inch screen. Taoping’s 43-inch has a resolution of 1080*1920 pixels and 55-inch smart screens have a resolution of 3840*2160 pixels. The body of the smart screen is mainly white and is made of glass and metal. Users will be able to manage smart screens remotely and effectively through the Taoping Smart Cloud Platform.

     

  • Now Is Good Time To Buy Biofrontera (NASDAQ: BFRA) Stock?

    Now Is Good Time To Buy Biofrontera (NASDAQ: BFRA) Stock?

    Biofrontera AG (NASDAQ: BFRA) has announced a mutual agreement with Mr. Wilhelm K.T. Zours and Deutsche Balaton AG to discuss the key elements of the mediation agreement. Biofrontera AG planned to resolve legal disputes through the mediation agreement. Mr. Zours is chairman of the supervisory board and majority shareholder of Deutsche Balaton AG. He is the major shareholder of the company.

    There are various legal disputes unresolved between the Company on one side and Deutsche Balaton AG together with other companies in which Mr. Zours holds a majority interest on the other side. One of the legal dispute is also pending in the USA.

    As per the mediation process, an experienced and renowned mediator will be involved in the process to find the solutions for the settlement of disputes. There were various disagreements on personnel and strategic corporate matters. The mediation process is expected to start shortly.

    Shares of Biofrontera AG has traded up 18.97% as it gained +1.40 during the trading of Friday. It has a closing price of $8.78. In the past 52-weeks of trading, Biofrontera AG stock fluctuated between the low of $5.26 and a high of $54.94. It has moved up 66.78% from its 52-weeks low and moved down -84.02% from its 52-weeks high. It had a trading volume of 31.92 million as compared to the average volume of 879.03K. Biofrontera market capitalization has remained high, hitting $196.89 million at the time of writing.

    Biofrontera (BFRA) is scheduled to participate in two upcoming conferences. One is the 2020 Lake Street Capital Markets Best Ideas Growth (BIG4) Conference which is anticipated to take place on September 17, 2020. This is the 4th Best Ideas Growth investor conference which will show the dynamic growth companies. Almost 50 companies executives will meet with institutional investors at this conference.

    The second one is the Baader Investment Conference 2020 which is expected to take place on September 25, 2020. Around 230 companies will participate in this conference. The conference will be held as a hybrid event with on-site as well as virtual presentations amid the global pandemic.

  • 20 Trending Stocks In Mining Industry Can Be Good Bets

    20 Trending Stocks In Mining Industry Can Be Good Bets

    The mining industry is facing new challenges as new trends emerge with the passage of time. The metal and Mining industry reach is so broad that the utilization rate of metal is considered to be the key factor that determines the health of the global economy. Mining companies must adapt to rapid technological change, innovation, and digital transformation. The growing climate crisis also increases pressure on the mining industry. The metals and mining industry needs to establish long-lasting benefits for the communities they operate in.

    The world has changed in 2020. The pandemic has affected almost every sector and caused various industries to stop their operations. But here the question arises what are the challenges faced by the metal and mining industry. Demand took a downturn which has a major impact on this industry. Here are the top 20 leading companies which are following new trends of the market to maintain its position:

    Teck Resources Limited (NYSE: TECK)

    Teck Resources Limited (NYSE: TECK) last closed at $13.00, in a 52-week range of $5.60 to $19.44. Teck Resources Limited (TECK) disclosed earlier that the Partners in the Fort Hills limited partnership have decided to restart the second Fort Hills train and plan to increase production to approximately 120,000 barrels per day by the end of the year. Teck Resources Limited has a total market capitalization of $6.24 billion at the time of writing.

    Northern Dynasty Minerals Ltd. (AMEX: NAK)

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares headed falling, lower as much as -2.88%. The most recent rating by H.C. Wainwright, on October 19, 2017, is at a Buy. Northern Dynasty Minerals Ltd. (AMEX: NAK) has responded to the report issued by Beijing-based short-seller J Capital Research on September 9, 2020. NAK labeled it “fatuous, flimsy and fundamentally self-serving,” as well as “typical of such efforts to profit by destroying the value of honest shareholders’ investments.” It has also named Mike Westerlund, a seasoned Investor Relations executive. He has more than 20 years’ experience in the North American mining and metals industry.

    Rio Tinto Group (NYSE: RIO)

    Rio Tinto Group (NYSE: RIO) rose 5.01% after gaining more than $3.05 on Friday. Rio Tinto Group (RIO) disclosed that its CEO Jean-Sébastien Jacques will resign after shareholders showed discontent with the handling of the mining giant’s destruction of two Aboriginal rock shelters in Australia. Jacques will remain in his position until March 31 next year to ensure business continuity and to maintain the performance of the group’s global operations during COVID-19.

    BHP Group (NYSE: BHP)

    BHP Group (NYSE: BHP) last closed at $54.19, in a 52-week range of $29.78 to $58.35. Analysts have a consensus price target of $51.04. BHP Group (BHP) will connect a portion of bonus payments for Chief Executive Officer Mike Henry and key leaders to progress by the world’s top miner on lowering greenhouse gas emissions at both its own operations and those of its customers. It has a total market cap of $126.20 billion at the time of writing.

    General Moly Inc. (AMEX: GMO)

    General Moly Inc. (AMEX: GMO) fall -2.28% after losing more than -$0.01 on Friday. General Moly Inc. (GMO) disclosed on September 1, 2020, it has entered into a binding letter of intent with Pathfinder Minerals LLC for the sale by the Company of Liberty Moly LLC and all assets owned by the Company that constitutes the Liberty Project. It has a 52-weeks low range of $0.10 and a high range of $0.37. GMO market capitalization has remained high, hitting $19.55 million.

    Americas Gold and Silver Corporation (AMEX: USAS)

    Americas Gold and Silver Corporation (AMEX: USAS) stock soar by 0.34% to $2.92. America’s Gold and Silver Corporation (USAS) has earlier gave an update on the ramp-up of the Relief Canyon mine toward commercial production. It has also revealed that it has concluded it’s previously announced and upsized bought deal financing with a syndicate of underwriters co-led by Desjardins Capital Markets and Cormark Securities Inc., and including Stifel GMP, Clarus Securities Inc., and Laurentian Bank Securities Inc.

    Westwater Resources Inc. (NASDAQ: WWR)

    Westwater Resources Inc. (NASDAQ: WWR) Shares headed falling, lower as much as -2.29%. enCore Energy has earlier announced it has signed a Binding Agreement to acquire Westwater Resources’ Uranium Production & Resource Assets. Total compensation accruing to Westwater as part of the deal is anticipated to be in excess of $1.95 million in enCore shares and royalties from future production from the New Mexico properties.

    Trilogy Metals Inc. (AMEX: TMQ)

    Trilogy Metals Inc. (AMEX: TMQ) last closed at $1.87, in a 52-week range of $1.03 to $2.74. Analysts have a consensus price target of $2.00. Trilogy Metals Inc. (TMQ) announces that the Company has chosen Richard Gosse as Vice President Exploration, effective immediately. Mr. Gosse is a highly seasoned exploration geologist. He has 35 years of experience, including 15 years at the Vice President level.

    Auryn Resources Inc. (AMEX: AUG)

    Auryn Resources Inc. (AMEX: AUG) stock drop by -1.91% to $2.05. Auryn Resources Inc. (AUG) has launched Proxy Circular for reorganization and Eastmain acquisition. It has also revealed that it has completed the purchase of six Sombrero copper-gold concessions in southern Peru that had been optioned in 2016 from Alturas Minerals S.A. Auryn Resources Inc. (AMEX: AUG) market cap has remained high, hitting $220.61 Million at the time of writing.

    EMX Royalty Corporation (AMEX: EMX)

    EMX Royalty Corporation (AMEX: EMX) shares headed falling, lower as much as -1.76%. EMX Royalty Corporation (AMEX: EMX) has disclosed that the execution of an exploration and option agreement for the Queensland Gold project in northeastern Australia with Many Peaks Gold Pty Ltd, a private Australian company. It has a total market capitalization of $235.28 million.

    Vale S.A. (NYSE: VALE)

    Vale S.A. (NYSE: VALE) shares were trading up 5.32% at $11.67 at the time of writing on Friday. Vale S.A. (NYSE: VALE) share price went from a low point around $6.49 to briefly over $13.67 in the past 52 weeks, though shares have since pulled back to $11.67. VALE market cap has remained high, hitting $58.13B at the time of writing, giving it a price-to-sales ratio of more than 2.

    If we look at the recent analyst rating VALE, Exane BNP Paribas upgraded coverage on VALE shares with an Outperform rating and a $15.08 price target, which implies room for 3.41% upside momentum this year.

    Great Panther Mining Limited (AMEX: GPL)

    Great Panther Mining Limited (AMEX: GPL) stock soar by 1.74% to $0.98. The most recent rating by ROTH Capital, on August 10, 2017, is at a Buy. Great Panther Mining Limited (GPL) share price went from a low point around $0.23 to briefly over $1.07 in the past 52 weeks, though shares have since pulled back to $0.98. Great Panther Mining Limited market cap has remained high, hitting $343.90 Million at the time of writing.

    PolyMet Mining Corp. (AMEX: PLM)

    PolyMet Mining Corp. (AMEX: PLM) stock soar by 2.63% to $3.51. The most recent rating by H.C. Wainwright, on September 08, 2014, is at a Buy. in the past 52-weeks of trading, PolyMet Mining Corp. (PLM) stock fluctuated between the low of $1.50 and a high of $9.70. It has moved up 134.00% from its 52-weeks low and moved down -63.81% from its 52-weeks high. PolyMet Mining Corp. has a total market capitalization of $342.51 million at the time of writing.

    BHP Group (NYSE: BBL)

    BHP Group (NYSE: BBL) Shares headed rising, higher as much as 3.22%. The most recent rating by JP Morgan, on March 20, 2020, is at an Overweight. BHP Group (BBL) share price went from a low point around $23.64 to briefly over $48.67 in the past 52 weeks, though shares have since pulled back to $44.50. BHP Group market cap has remained high, hitting $126.20 billion at the time of writing.

    Taseko Mines Limited (AMEX: TGB)

    Taseko Mines Limited (AMEX: TGB) last closed at $1.05, in a 52-week range of $0.20 to $1.19. Taseko Mines Limited (TGB) has traded up 425.00% from its 52-weeks low and traded down -11.76% from its 52-weeks high. Looking at its profitability, it has a return on assets of -7.10%, returns on equity of -22.00%, and return on investment of -4.30%. Focusing on its liquidity, it has a current ratio of 1.90. Its market capitalization is $262.30 million.

    SilverCrest Metals Inc. (SILV)

    SilverCrest Metals Inc. (AMEX: SILV) stock drop by -1.24% to $9.54. The most recent rating by B. Riley FBR, on March 03, 2020, is at a Buy. SilverCrest Metals Inc. (SILV) share price went from a low point around $3.28 to briefly over $11.12 in the past 52 weeks, though shares have since pulled back to $9.54. SilverCrest Metals Inc.’s market cap has remained high, hitting $1.29 billion at the time of writing.

    Vedanta Limited (NYSE: VEDL)

    Vedanta Limited (NYSE: VEDL) shares headed rising, higher as much as 2.44%. The most recent rating by JP Morgan, on May 05, 2020, is at a Neutral. Vedanta Limited (VEDL) stock fluctuated between the low of $3.24 and a high of $9.41. It has moved up 120.06% from its 52-weeks low and moved down -24.23% from its 52-weeks high. Vedanta Limited has a total market capitalization of $6.63 Billion at the time of writing.

    Lithium Americas Corp. (NYSE: LAC)

    Lithium Americas Corp. (NYSE: LAC) fall -1.27% after losing more than -$0.09 on Friday. Lithium Americas Corp. (LAC) share price went from a low point around $1.92 to briefly over $9.15 in the past 52 weeks, though shares have since pulled back to $7.01. Lithium Americas Corp. (LAC)’s market cap has remained high, hitting $635.41 Million at the time of writing.

    Western Copper and Gold Corporation (AMEX: WRN)

    Western Copper and Gold Corporation (AMEX: WRN) last closed at $1.38, in a 52-week range of $0.31 to $1.53. Western Copper and Gold Corporation (WRN) has traded up 349.22% from its 52-weeks low and traded down -9.92% from its 52-weeks high.  Its market capitalization is $158.23 million.

    Ferroglobe PLC (NASDAQ: GSM)

    Ferroglobe PLC (NASDAQ: GSM) fall -1.91% after losing more than -$0.01 on Friday. Ferroglobe PLC (GSM) share price went from a low point around $0.35 to briefly over $1.42 in the past 52 weeks, though shares have since pulled back to $0.44. Ferroglobe PLC’s market cap has remained high, hitting $76.10 Million at the time of writing.

     

  • Here’s 15 Trending Stocks In Healthcare Industry To Watch

    Here’s 15 Trending Stocks In Healthcare Industry To Watch

    The global drug manufacturers specialty & generic industry continues to grow with the increase in the demand for medication. Efficient and inexpensive drugs are the main priority of customers. Drug manufacturing is more progressive with the advent of new technologies than other areas of the pharmaceutical industry. Companies are busy in acquisitions, collaborations to increase the specialty generic capacities.

    The development of cost-effective drugs and specialty generics is a complex process.  The drug generic market has seen a huge transformation over the last few decades. Its main competitive edge is the lower prices than branded drugs. The generic industry has experienced various changes as the coronavirus pandemic takes over the world. The purchase behaviors of customers also change in 2020.

    There are various companies which are fulfilling the needs of customers in the generic industry. Here are the top 15 best players in Drug manufacturers Specialty and Generic Industry:

    Zomedica Pharmaceuticals Corp. (AMEX: ZOM)

    Zomedica Pharmaceuticals Corp. (AMEX: ZOM) shares were trading down -2.18% at $0.11 at the time of writing on Friday. Zomedica Pharmaceuticals Corp. (AMEX: ZOM) share price went from a low point around $0.10 to briefly over $0.50 in past 52 weeks, though shares have since pulled back to $0.11.

    Zomedica Pharmaceuticals Corp. (ZOM) is scheduled to present at H.C. Wainwright Virtual Global Investment Conference on September 14, 2020. Zomedica has earlier partnered with Qorvo Biotechnologies to develop three new assays Cobalamin, Canine Pancreatic Lipase, and Folate to target the diagnosis of canine gastrointestinal issues. ZOM market cap has remained high, hitting $62.09M at the time of writing.

    Teva Pharmaceutical Industries Limited (NYSE: TEVA)

    Teva Pharmaceutical Industries Limited (NYSE: TEVA) last closed at $8.79, in a 52-week range of $6.25 to $13.76. Analysts have a consensus price target of $12.19. Teva Pharmaceutical Industries Limited (TEVA) affiliate Teva Neuroscience, Inc. earlier disclosed that new study data on AUSTEDO will be presented at the International Parkinson and Movement Disorder Society annual congress (MDS Virtual Congress 2020) and during the Psych Congress 2020 Virtual Experience. Teva market cap has remained high, hitting $9.79 billion at the time of writing.

    Mylan N.V. (NASDAQ: MYL)

    Mylan N.V. (NASDAQ:; MYL) stock soar by 1.79% to $15.33. The most recent rating by SVB Leerink, on January 27, 2020, is at an Mkt perform. Mylan N.V. (MYL) has earlier bought Aspen Pharmacare Holdings Limited’s thrombosis business in Europe for €641.9 million. Mylan will pay the upfront payment of €263.2 million to Aspen. After generating cash from existing operations it will pay the €378.7 million on June 25, 2021. It has a market capitalization of $7.79 billion at the time of writing.

    Aurora Cannabis Inc. (NYSE: ACB)

    Aurora Cannabis Inc. (NYSE: ACB) last closed at $6.98, in a 52-week range of $5.30 to $78.00. Aurora Cannabis Inc. (ACB) has earlier appointed Miguel Martin its chief executive officer and also disclosed that it would book up to C$1.8 billion ($1.37 billion) in restructuring charges. It has a total market capitalization of $785.74 million at the time of writing.

    Bausch Health Companies Inc. (NYSE: BHC)

    Bausch Health Companies Inc. (NYSE: BHC) fall -1.60% after losing more than -$0.25 on Friday. Bausch Health Companies Inc. (BHC) has earlier shared its Inaugural Activity Report which showed the efforts of the Foundation from late 2017 through June 30, 2020.  Bausch Health Companies Inc. striving to improve the lives of patients globally. It has a total market cap of $5.58 billion at the time of writing.

    Endo International plc (NASDAQ: ENDP)

    Endo International plc (NASDAQ: ENDP) last closed at $2.80, in a 52-week range of $2.08 to $7.10. Endo International plc (ENDP) has earlier participated in the Citi 15th Annual BioPharma Virtual Conference being held on September 8-10, 2020. Endo International plc market cap has remained high, hitting $629.69 million at the time of writing.

    Sundial Growers Inc. (NASDAQ: SNDL)

    Sundial Growers Inc. (NASDAQ: SNDL) Shares headed falling, lower as much as -0.50%. The most recent rating by CIBC, on August 17, 2020, is at a Neutral. Sundial Growers Inc. (NASDAQ: SNDL) is scheduled to participate in
    Alliance Global Partners’ Consumer Cannabis Conference. Zachary George, Chief Executive Officer of Sundial, will take part in one-on-one sessions on September 29, 2020.

    Cronos Group Inc. (NASDAQ: CRON)

    Cronos Group Inc. (NASDAQ: CRON) fall -1.51% after losing more than -$0.08 on Friday. Cronos Group Inc. (NASDAQ: CRON) announced that its Board of Directors has named Kurt Schmidt President and Chief Executive Officer of the Company, effective September 9, 2020.  CRON also disclosed that Mike Gorenstein has been chosen as the Executive Chairman. Mike has worked as Chairman, President, and Chief Executive Officer of Cronos Group since 2016.

    Elanco Animal Health Incorporated (NYSE: ELAN)

    Elanco Animal Health Incorporated (NYSE: ELAN) last closed at $27.08, in a 52-week range of $15.17 to $32.66. Analysts have a consensus price target of $26.43. Elanco Animal Health Incorporated (NYSE: ELAN) is scheduled to participate in the Morgan Stanley 18th Annual Global Healthcare Conference on Tuesday, September 15, 2020.  Elanco Animal Health Incorporated market cap remained high, hitting $10.86 billion at the time of writing.

    Agile Therapeutics Inc. (NASDAQ: AGRX)

    Agile Therapeutics Inc. (NASDAQ: AGRX) stock soar by 2.54% to $3.63. The most recent rating by Janney, on April 12, 2019, is at a Buy. Agile Therapeutics Inc. (AGRX) is scheduled to host a virtual investor/Analyst day on Monday, September 21, 2020. It has also introduced I’m So Done, an education and empowerment platform that encourages women to think about their current contraceptive method and decision-making journey.

    Mallinckrodt plc (NYSE: MNK)

    Mallinckrodt plc (NYSE: MNK) Shares headed falling, lower as much as -7.69%. The most recent rating by JP Morgan, on May 19, 2020, is at an Underweight. Mallinckrodt plc (MNK) share price went from a low point around $1.00 to briefly over $6.42 in the past 52 weeks, though shares have since pulled back to $1.20. Mallinckrodt plc market cap has remained high, hitting $110.00 million at the time of writing.

    HEXO Corp. (NYSE: HEXO)

    HEXO Corp. (NYSE: HEXO) fall -2.82% after losing more than -$0.02 on Friday. HEXO Corp. (HEXO) share price went from a low point around $0.35 to briefly over $4.62 in the past 52 weeks, though shares have since pulled back to $0.62. HEXO Corp. market cap has remained high, hitting $331.70 million at the time of writing

    Tilray Inc. (NASDAQ: TLRY)

    Tilray Inc. (NASDAQ: TLRY) stock drop by -5.68% to $5.31. The most recent rating by The Benchmark Company, on May 12, 2020, is at a Buy. Tilray Inc. (TLRY) stock fluctuated between the 52-weeks low range of $2.43 and a high range of $32.77. It has moved up 118.52% from its 52-weeks low and moved down -83.80% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.80. Its market capitalization is $716.00 million.

    Momenta Pharmaceuticals Inc. (NASDAQ: MNTA)

    Momenta Pharmaceuticals Inc. (NASDAQ: MNTA) shares headed falling, lower as much as -0.12%. The most recent rating by Cowen, on August 03, 2020, is at an Outperform. Momenta Pharmaceuticals Inc. (MNTA)  share price went from a low point around $12.21 to briefly over $52.33 in the past 52 weeks, though shares have since pulled back to $52.08. Momenta Pharmaceuticals Inc. market cap has remained high, hitting $6.20 Billion at the time of writing

    Aphria Inc. (NASDAQ: APHA)

    Aphria Inc. (NASDAQ: APHA) stock drop by -2.81% to $4.50. The most recent rating by CIBC, on August 17, 2020, is at a Sector outperform. Aphria Inc. (APHA) stock fluctuated between the 52-weeks low range of $1.95 and a high range of $7.04. It has moved up 130.77% from its 52-weeks low and moved down -36.08% from its 52-weeks high. Its market capitalization is $1.20 Billion.

     

  • Why Nano-X Imaging Ltd. (NASDAQ: NNOX) Stock Soared?

    Why Nano-X Imaging Ltd. (NASDAQ: NNOX) Stock Soared?

    Shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) were up 32.87% as it has announced a partnership with South-Korean chipmaker SK Hynix Inc. to build machines that changed the century-old X-ray industry. Nano-X Imaging aimed to transform the medical devices industry which used the same old technology since the discovery of X-rays in the late-19th century.

    Nano-X Limited uses semiconductors instead of metal filaments in its devices to generate X-rays. The partnership with the largest chipmaker SK Hynix has provided an opportunity to Nano-X to bring new technologies. Nano-X has devices that produce less radiation and are cheaper. Nano-X devices will be able to disrupt the traditional system as they cannot only reduce radiation, improve images but also provide access for more patients.

    Nano-X has earlier signed an exclusive distribution agreement with SPI Medical for the deployment and introduction of Nanox’s medical imaging services in Mexico. Nanox will offer the Nanox Systems to SPI for pilots in the public and private sectors. This company has a unique technology and has a strong business model.

    Nano-X Imaging (NASDAQ: NNOX) shares went up 32.87% as it gained +15.88 during the trading session of Friday. Nano-X Imaging share price went from a low point around $20.25 to briefly over $49.25 in the past 52 weeks, though shares have since pulled back to $64.19. Nano-X market cap has remained high, hitting $2.23 billion at the time of writing. It has moved up 216.91% and 30.34% from its 52-weeks low and 52-weeks high, respectively.

    Nanox has a solution that has the ability to revolutionize the medical devices industry. Its new technology could reduce the cost of medical imaging systems and is striving to work with many organizations and companies to provide affordable technologies to customers. As the world lack access to diagnostic imaging, it has aimed to supply 4,500 units in various countries. It has also decided to join forces with the Foxconn Technology group for the mass production. It has also submitted applications to FDA for the approval.

    Nano-X Imaging has a vision called 1x1x1 aimed at establishing enough systems globally that every person on the planet has access to at least one medical imaging scan each year. Nanox is scheduled to participate in two upcoming investor conferences including Cantor Virtual Global Healthcare Conference and Jefferies Asia Forum on September 15 and September 16, respectively.

  • Is Agenus (NASDAQ: AGEN) Stock A Good Buy?

    Is Agenus (NASDAQ: AGEN) Stock A Good Buy?

    Shares of Agenus Inc. traded up 23.87% on Thursday before the company earlier announced an oral presentation at the upcoming European Society of Medical Oncology (ESMO) Conference on September 18, 2020. Previously, it has disclosed that it will present the data from Phase 2 trials of balstilimab alone and in combination with zalifrelimab in ESMO Conference.

    Agenus Inc is currently engaged in the development of compounds that are helpful for the immune system in its fight against cancer. The advanced drugs of Agenus include anti-PD-1 targeting therapy, balstilimab, and the anti-CTLA-4 antibody, zalifrelimab. The company has earlier announced the encouraging result for these products in refractory and relapsing cancer.

    As the company has announced that it will present data related to balstilimab and zalifrelimab in the upcoming conference it is expected that Agenus will disclose the new discoveries. Investors are confident that the data to be presented at the ESMO conferences will increase the success chances of these new advanced drugs. There are chances that these new compounds will receive FDA approval after showing promising results.

    Shares of Agenus Inc up 23.87% as it gained +1.00 during the trading session of Thursday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $1.82 and a high of $4.78. Agenus has moved up 185.16% and 8.46% from its 52-weeks low and high, respectively. It has a market capitalization of $973.90 million at the time of writing. Focusing on its liquidity, it has a current ratio of 0.70.

    Agenus Inc has earlier signed an agreement with Betta Pharmaceuticals for the development and commercialization of balstilimab and zalifrelimab in Greater China, including Mainland China, Taiwan, Hong Kong, and Macau. AGEN secured the payment of $35 million which includes $15 million in upfront cash and $20 million equity investment.

    Agenus is planning to get FDA approval for balstilimab before the end of 2020. It is not confirmed yet whether the data to be presented at ESMO will impress attendees or that the FDA will ultimately reject these drugs.

  • TikTok Owner ByteDance Decides To Spend Billions In Singapore Amid US Ban Orders

    ByteDance, a Chinese multinational company, and owner of video-sharing app TikTok is currently striving to establish its foothold in Singapore as the company is planning to expand its business in Asia. ByteDance is planning to spend several billion dollars and has decided to add hundreds of jobs in the coming three years.

    Sources disclosed that the company also has applied for a license to run a digital bank. The investment decision came soon after the ByteDance is forced to sell its TikTok operations in the US or it will get banned. President Donald Trump said on Thursday that he will not extend the fast-approaching deadline he set for ByteDance to sell its TikTok Operations or have it banned.

    Earlier in July, Trump announced that he will ban TikTok operations in the US. He declared in an executive order that there is valid evidence that ByteDance might take actions that are dangerous for the national security of the US. ByteDance is also planning to establish a data center in Singapore. People familiar with the matter disclosed that the operations of ByteDance Inc, in Singapore, include TikTok and Lark, an enterprise software business.

    The Beijing-based company is continuously striving to establish its business deeper into Asia after facing difficulties in India, the US, and the UK. In India, TikTok is among the hundred Chinese-made apps that are banned in India for security reasons. In the US, TikTok has already received the deadline to sell its operations, or otherwise, it will be banned.

    UK government has imposed restrictions on the activities of TikTok. PM Boris’s chief of staff Eddie Lister has earlier revealed by conducting a review that TikTok doesn’t cause a big security threat but may still ask the government to stops the company from moving users’ data out of the country.

    ByteDance has recently announced 200 new jobs in Singapore for positions in everything from payments to e-commerce and data privacy. Singapore is a highly attractive place for the tech firm and many companies are looking forward to work from there to address the Southeast Asian markets needs.

     

  • 20 Trending Oil And Gas Stocks For This Year

    20 Trending Oil And Gas Stocks For This Year

    If there’s one thing we know for sure, it’s that the oil and gas industry is continuously changing. The oil and Gas Industry is considered to be the largest industry in the world as the dependence of the world on oil and gases continuously increasing. Global economies continue to depend heavily on petroleum-based products. If we take a look at the big picture, it looks like we’re in a pretty healthy oil and gas economy at the moment.

    The COVID-19 pandemic has heavily affected the oil and gas industry and with the increased demands, there are many challenges that are impacting the oil and gas and exploration and production industry. Oil demand is expected to increase by an average of 1.4% per year.  Oil companies must invent new technologies to increase recovery from mature oil fields and deep offshore locations.

    Let’s take a quick look at the top 20 leading companies in the oil and gas industry that are using new technologies:

    Occidental Petroleum Corporation (NYSE: OXY)

    Occidental Petroleum Corporation (NYSE: OXY) shares were trading down -7.95% at $10.19 at the time of writing on Thursday. Occidental Petroleum Corporation (NYSE: OXY) share price went from a low point around $9.00 to briefly over $48.85 in the past 52 weeks, though shares have since pulled back to $10.19. OXY market cap has remained high, hitting $9.74B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Occidental has announced the expiration and final results in Cash Tender Offers and consent solicitations for certain of its senior notes. If we look at the recent analyst rating OXY, MKM Partners upgraded coverage on OXY shares with a Buy rating and a $15.89 price target, which implies room for 5.7% upside momentum this year.

    Centennial Resource Development Inc. (NASDAQ: CDEV)

    Centennial Resource Development Inc. (NASDAQ: CDEV) stock drop by -10.43% to $0.52. The most recent rating by SunTrust, on April 29, 2020, is at a Hold. Centennial Resource Development Inc. (CDEV) has earlier disclosed that Sean R. Smith, Chief Executive Officer, has earlier participated at the Barclays CEO Energy-Power Conference to be held virtually on Wednesday, September 9, 2020. Centennial Resource Development Inc. has a market capitalization of $145.70 million at the time of writing.

    Parsley Energy Inc. (NYSE: PE)

    Parsley Energy Inc. (NYSE: PE) fall -5.68% after losing more than -$0.57 on Thursday. Parsley Energy Inc. (PE) has earlier shared its 2019 Corporate Responsibility Report. The report describes the commitment and approach of Parsely to governance, environmental stewardship, health and safety, talent attraction and retention, and community engagement. It has a total market capitalization of $3.90 billion at the time of writing.

    ConocoPhillips (NYSE: COP)

    ConocoPhillips (NYSE: COP) stock drop by -4.47% to $32.92. The most recent rating by Credit Suisse, on August 05, 2020, is at an Outperform. ConocoPhillips (COP) announced Tuesday that it has appointed Eric Mullins to the company’s board of directors. Mr. Mullins has spent his career in finance, most recently established Lime Rock Resources in 2005. Its market cap remained high, hitting, $35.44 billion at the time of writing.

    Kosmos Energy Ltd. (NYSE: KOS)

    Kosmos Energy Ltd. (NYSE: KOS) fall -9.32% after losing more than -$0.11 on Thursday. Kosmos Energy Ltd. (KOS)
    has disclosed it has signed an agreement with B.V. Dordtsche Petroleum Maatschappij a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million. It has a total market capitalization of $473.19 million at the time of writing.

    Northern Oil and Gas Inc. (AMEX: NOG)

    Northern Oil and Gas Inc. (AMEX: NOG) Shares headed falling, lower as much as -7.87% after Northern Oil and Gas, Inc. announces the first acquisition in the Delaware Basin, Operations Update. Northern has acquired non-operated interests in the Delaware Basin from an undisclosed seller consisting of approximately 66 net acres, on which 1.1 initial net wells have been proposed. The most recent rating by ROTH Capital, on August 27, 2020, is at a Buy. Northern Oil and Gas Inc. (AMEX: NOG) has a market cap of $228.10 million at the time of writing.

    Ovintiv Inc. (NYSE: OVV)

    Ovintiv Inc. (NYSE: OVV) Shares headed falling, lower as much as -7.95%. The most recent rating by Credit Suisse, on August 05, 2020, is at a Neutral. Ovintiv Inc. (OVV) earlier disclosed that its unit, Ovintiv Canada ULC, has concluded an agreement with PetroChina Canada Ltd. (PCC) to terminate the parties’ joint venture and transfer the ownership and operation of certain shale assets in west-central.

    Marathon Oil Corporation (NYSE: MRO)

    Marathon Oil Corporation (NYSE: MRO) last closed at $4.36, in a 52-week range of $3.02 to $14.39. Analysts have a consensus price target of $7.61. Marathon Oil Corporation’s market cap has remained high, hitting $3.48 billion at the time of writing.

    Noble Energy Inc. (NASDAQ: NBL)

    Noble Energy Inc. (NASDAQ: NBL) stock drop by -2.94% to $9.24. The most recent rating by Citigroup, on August 31, 2020, is at a Neutral. In the past 52-weeks of trading, Noble Energy Inc. (NBL) stock fluctuated between the low range of $2.73 and a high of $27.31. It has traded up 238.46% from its 52-weeks low and moved down -66.17% from its 52-weeks high. It has a market capitalization of $4.49 billion at the time of writing.

    Murphy Oil Corporation (NYSE: MUR)

    Murphy Oil Corporation (NYSE: MUR) Shares headed falling, lower as much as -9.89%. The most recent rating by Truist, on September 01, 2020, is at a Buy. Murphy Oil Corporation (MUR) share price went from a low point around $4.50 to briefly over $28.12 in the past 52 weeks, though shares have since pulled back to $10.02.  Murphy Oil Corporation’s market cap has remained high, hitting $1.56 billion at the time of writing.

    Oasis Petroleum Inc. (NASDAQ: OAS)

    Oasis Petroleum Inc. (NASDAQ: OAS) fall -10.46% after losing more than -$0.05 on Thursday. Oasis Petroleum Inc. (OAS) has a 52-weeks low range of $0.24 and a high range of $4.87. Oasis Petroleum has traded up 70.79% from its 52-weeks low and traded down -91.58% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.20.  Oasis Petroleum Inc. has a total market capitalization of $133.95 million.

    Southwestern Energy Company (NYSE: SWN)

    Southwestern Energy Company (NYSE: SWN) last closed at $2.41. Analysts have a consensus price target of $3.38. Southwestern Energy Company (SWN) share price went from a low point around $1.06 to briefly over $3.90 in the past 52 weeks, though shares have since pulled back to $2.41. Southwestern Energy Company market cap has remained high, hitting $1.43 billion at the time of writing.

    Devon Energy Corporation (NYSE: DVN)

    Devon Energy Corporation (NYSE: DVN) Shares headed falling, lower as much as -7.41%. The most recent rating by CapitalOne, on August 26, 2020, is at an Overweight. Devon Energy Corporation (DVN) has a 52-weeks low range of $4.60 and a high range of $27.82. Devon Energy Corporation has traded up 92.73% from its 52-weeks low and traded down -68.12% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.30.  Devon Energy Corporation has a total market capitalization of $3.37 billion.

    Antero Resources Corporation (NYSE: AR)

    Antero Resources Corporation (NYSE: AR) last closed at $2.65, in a 52-week range of $0.64 to $4.64. Analysts have a consensus price target of $4.04. If we look at the profitability of Antero Resources Corporation (AR), it has a return on assets of -14.50%, return on equity (ROE) of -31.90%, and return on investment (ROI) of 1.70%. Its Gross Margin is 51.20%, the Profit  Margin is -55.80%, and Operating Margin is -56.80%. Its market cap remained high, hitting, $706.83 million at the time of writing.

    Apache Corporation (NASDAQ: APA)

    Apache Corporation (NASDAQ: APA) shares headed falling, lower as much as -8.67%. The most recent rating by Evercore ISI, on August 27, 2020, is at an Outperform. Apache Corporation (APA) share price went from a low point around $3.80 to briefly over $33.77 in the past 52 weeks, though shares have since pulled back to $12.01. Apache Corporation’s market cap has remained high, hitting $4.47 billion at the time of writing.

    WPX Energy Inc. (NYSE: WPX)

    WPX Energy Inc. (NYSE: WPX) last closed at $4.34, in a 52-week range of $1.94 to $14.43. Analysts have a consensus price target of $9.05. If we look at the profitability of WPX Energy Inc. (WPX), it has a return on assets of -8.60%, return on equity (ROE) of -16.90%, and return on investment (ROI) of 6.10%. Its Gross Margin is 94.80%, the Profit  Margin is -29.90%, and Operating Margin is -23.30%. Its market cap remained high, hitting, $2.42 Billion at the time of writing.

    SM Energy Company (NYSE: SM)

    SM Energy Company (NYSE: SM) stock drop by -13.33% to $1.82. The most recent rating by Seaport Global Securities, on July 27, 2020, is at a Neutral. SM Energy Company (SM) share price went from a low point around $0.90 to briefly over $12.91 in the past 52 weeks, though shares have since pulled back to $1.82. SM Energy Compan’s market cap has remained high, hitting $193.47 Million at the time of writing.

    EOG Resources Inc. (NYSE: EOG)

    EOG Resources Inc. (NYSE: EOG) fall -9.22% after losing more than -$3.86 on Thursday. EOG Resources Inc. (EOG) has a 52-weeks low range of $27.00 and a high range of $89.54. EOG Resources Inc. has traded up 40.74% from its 52-weeks low and traded down -57.56% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.10.  EOG Resources Inc. has a total market capitalization of $22.12 billion.

    Tellurian Inc. (NASDAQ: TELL)

    Tellurian Inc. (NASDAQ: TELL) last closed at $0.75, in a 52-week range of $0.67 to $9.06. If we look at the profitability of Tellurian Inc. (TELL), it has a return on assets of -67.80%, return on equity (ROE) of -166.80%, and return on investment (ROI) of -46.60%. Its Gross Margin is 47.40%, Its market cap remained high, hitting, $242.37 Million at the time of writing.

    PDC Energy Inc. (NASDAQ: PDCE)

    PDC Energy Inc. (NASDAQ: PDCE) stock drop by -21.27% to $11.66 after PDC Energy announced the Pricing of $150 Million Tack-On Senior Notes Offering. The most recent rating by Goldman, on August 13, 2020, is at a Buy. PDC Energy Inc. (PDCE) has a market capitalization of $1.15 billion at the time of writing.