STOCKS TELEGRAPH

Author: ST Staff

  • How Did The EHVVF Stock Stabilized In The Last Session?

    How Did The EHVVF Stock Stabilized In The Last Session?

    The Ehave Inc (OTCPINK: EHVVF) stock closed the Tuesday session almost unchanged at $0.0740, a 0.13% slide. Ehave stock traded from $0.0650 to $0.0821 during Tuesday’s session, and 1.68M shares were traded. In the wake of the appointment of new members to the company’s management team, the EHVVF stock was stable on the day.

    What was that new hiring for?

    Ehave delivers evidence-based therapeutic interventions to patients through digital therapeutics. The EHVVF emphasizes using digital therapeutics, independently or in conjunction with other therapies and medications, to prevent or treat brain disorders or diseases in order to optimize patient care and health outcomes for patients. Data insights enable clinicians to make objective and intelligent decisions, which is a key product of EHVVF. The Ehave Telemetry Portal is the company’s main product.

    Ehave announced the appointment of Jeffrey D. Kamlet as Chief Medical Officer yesterday. EHVVF welcomes Dr. Kamlet to its internal medicine and addiction medicine teams at a time when the organization is growing and implementing the long-range strategy.

    EHVVF announced this month that they are offering Ehave medical passports. The passport will give companies the ability to verify their Covid-19 vaccinations as small businesses struggle to figure out how to utilize safety procedures.

    Through the EHVVF’s Medical and Vaccine Passport, individuals and small businesses will be able to easily access vaccination verification to enable easy implementation of new safety precautions.

    EHVVF’s efforts:

    Through a license agreement with Health Wyzz, Ehave (EHVVF) recently expanded the functionality of its Dashboard. EHVVF Dashboard includes a HIPAA-compliant, mobile platform that allows users to manage and retrieve their medical records through a dedicated Amazon Web Services instance.

  • 22nd Century Group, Inc. (XXII) Stock Trending Down as Changes to Tobacco Regulation Still Pending

    22nd Century Group, Inc. (XXII) stock prices were down 1.74% as of the market closing on June 15th, 2021, bringing the price per share down to USD$4.52 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock rally by a marginal 1.11%, bringing it up to USD$4.57.

    MTRP Authorization

    The company is allocating efforts towards the securing of Modified Risk Tobacco Product (MRTP) authorization for the company’s proprietary VLN. XXII is confident that its MRTP application submitted to the U.S Food and Drug Administration is in its final stages of review, with no currently outstanding requests for further information or filing.As such the company is poised to capitalize on the commercial launch of its VLN King and VLN Menthol King products, which it will do so within 90 days of securing the MRTP designation. This includes the use of marketing campaigns to raise brand awareness.

    Impending Changes in Nicotine Regulation

    XXII also believes that the FDA is considering implementing a product standard that would require all cigarettes to be minimally or non-addictive. Of course, this sets VLN up to capitalize on the increased market space, given that it already meets that requirement. The company is confident that the paradigm shift in conjunction with the enactment of a nicotine cap will result in favorable market conditions. XXII has reported being ready and willing to license its reduced nicotine tobacco technology to all the cigarette manufacturers hoping to regain compliance with the newly imposed mandate.

    Promising Financial Reports

    Net sales revenue reported for the first quarter of the fiscal year 2021 came in at USD$6.8 million, as compared to the USD$7.1 million reported in the same time period of the prior fiscal year. Gross profits were up to USD$647,000 in Q1 2021, representing a USD$360,000 year-over-year increase. Accordingly, gross profit margins improved by 540 basis points. This represents the fifth consecutive quarter that has seen year-over-year improvements, signaling XXII’s ability to successfully execute its ongoing business plans.

    Stellar Liquidity Position

    XXII reported a strong liquidity position, with USD$30.9 million in cash, cash equivalents, and short-term investment securities as of the end of the first quarter of 2021. This is a massive improvement on the USD$22.3 million reported as of March 31st, 2020. This difference is primarily attributable to the USD$11.8 million generated from the completion of the cash exercise of warrants during February and March of 2021. The company currently has no further warrants outstanding.

    Future Outlook for XXII

    Armed with a solid liquidity position and stellar financial reports, XXII is poised to capitalize on the increasingly likely changes in tobacco regulation. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • What Drove The Obsidian Energy (OBELF) Stock Up 7%?

    What Drove The Obsidian Energy (OBELF) Stock Up 7%?

    Obsidian Energy Ltd. (OTCQX: OBELF) surged 7.48% to $3.1600 at yesterday’s close. The Obsidian Energy stock volume was 592.41K, compared with its daily average volume of 303.88K. OBELF stock rose after changes in board of directors were announced.

    What changes have been made by OBELF?

    In addition to developing its oil and natural gas properties, Obsidian Energy Ltd. also explores, produces, and distributes natural gas. Oil and gas producer OBELF produces over 25,000 barrels of oil equivalent per day from a portfolio of assets with a well-balanced value chain.

    OBELF has built its organization around these assets, providing the right platform for delivering bottom-line results, as well as a spirit of entrepreneurship that will enable it to succeed. In June 2017, the company changed its name from Penn West Petroleum Ltd. to Obsidian Energy Ltd. The company is headquartered in Calgary, Canada.

    The board of directors of Obsidian Energy announced on Monday the resignation of Maureen Cormier Jackson and William (Bill) Friley.

    • Friley joined the Board in 2015 and Ms. Cormier Jackson joined in 2016.
    • During their tenures on OBELF’s Board, Cormier and Friley have contributed to the growth of the organization in invaluable ways.
    • Human Resource, Governance & Compensation Committee was chaired by Ms. Cormier.
    • At OBELF’s Board of Directors, Mr. Friley chaired the Operations and Reserves Committee.
    • During OBELF’s transformational phase, they played pivotal roles, serving with the highest standards of integrity and commitment.
    • Friley and Ms. Cormier Jackson have resigned and will not stand or be nominated in the upcoming Annual and Special Meeting on June 16, 2021.

    What has the OBELF Board decided?

    Obsidian Energy (OBELF) has decreased the number of candidates from eight to six for the election of directors at the Meeting. A total of six directors will be elected at the Meeting, as identified in the OBELF’s management information circular and proxy statement dated April 30, 2021. As a result of these events, the form of proxy or voting instruction form provided by OBELF to shareholders, as well as any proxy or voting instruction form that has already been submitted, will remain valid.

  • What Has Been Hurting AHT Stock In Premarket Session?

    What Has Been Hurting AHT Stock In Premarket Session?

    At last check, Ashford Hospitality Trust Inc. (AHT) shares were down -3.64% at $5.3 in premarket trading. Tuesday’s closing price for Ashford Trust stock was $5.50, down -9.54% from Monday’s closing price.

    Volume for AHT stock was 35.35 million shares, which was higher than the average daily volume of 34.16 million shares over the past 50 days. Following the CEO’s appearance on a TV show, AHT stock plunged.

    What did CEO discuss?

    Ashford Trust is a highly diversified real estate investment trust (REIT), which invests primarily in full-service luxury hotels.

    Ashford Trust announced on Tuesday that its President and CEO, Rob Hays, appeared yesterday on CW33’s program “Morning After”.

    In that interview with Dallas-based local television station KRLD, Hays discussed several topics, including:

    • The geographical spread of Ashford Trust’s hotel portfolio,
    • The transient market Ashford Trust serves, and
    • The role leisure travelers play in the recovery of the hotel industry.

    The interview included a discussion on how AHT’s CEO is engaging with the investment community on Twitter via the handle @aht_rob. Anchondo and Corning hosted the appearance for CW33’s Morning After. The video of the interview can be viewed here: https://cw33.com/video/rob-hays-interview/6717937.

    AHT’s financial standing:

    Within the last week, Ashford Trust (AHT) shares fell by -12.28%, following a drop of -39.93% over the past 12 months. AHT stock has gained 60.35% over the past three months, and 41.75% over the past six months. Further, the AHT stock has an outstanding share count of 120.94 million, and has a market cap of $823.90 million.

  • Naked Brand Group Ltd. (NAKD) Stock Prices Trending Down as Pandemic Continues to Devastate the Economy

    Naked Brand Group Ltd. (NAKD) Stock Prices Trending Down as Pandemic Continues to Devastate the Economy

    Naked Brand Group Limited (NAKD) stock prices were down by 2.60% as of market close on June 15th 2021, bringing the price per share down to USD$0.7169 at the end of the trading day. Subsequent pre-market fluctuations saw the price fall by another 1.45%, bringing it to USD$0.7065.

    New e-Commerce Status Quo

    with the onset of the global coronavirus pandemic having devasted the retail space with the forced closure of brick-and-mortar stores, buyers and sellers have turned to e-commerce. NAKD, too, has followed this trend as a means of circumventing pandemic-related regulations and government-mandated restrictions. The company went so far as to completely dispose of its brick-and-mortar operations on account of their lack of profitability, as per an announcement near the start of the fiscal year 2021.

    Bendon Ltd. Divesting

    The drastic restructuring efforts culminated in the signing of a nonbinding and non-exclusive term sheet that would see the divestment of NAKD from its subsidiary Bendon Ltd. The subsidiary will be divested to a group composed of existing NAKD management, as the company focuses its attention exclusively on its strategy to facilitate the rapid acceleration of the proliferation of its e-commerce business.

    Reallocation of Resources

    Subsequent to the completion of the divestiture, the allocation of resources and efforts towards the development of the Frederick’s of Hollywood online business has taken top priority. NAKD has also indicated plans to capitalize on the strategic acquisitions available in the e-commerce market space. This is done in the hopes of not only consolidating the existing online business but facilitating the additional generation of cross business operational synergies.

    Scope of e-Commerce Business

    Recent capital generation has had the funds deployed for complimentary growth business in the e-commerce sector, which boasts high margins. This move could also see future investments in technologies to better serve customers with a positive experience of the company’s online offerings. The company finds itself with unprecedented capital to invest where it sees fit, given the absence of the unprofitable Bendon business leeching capital to keep it afloat amid consistent and significant losses.

    Future Outlook for NAKD

    After the completion of the divesting project that was in the works for a very long time and presented many obstacles to the management team from an operational and financial standpoint, the company is poised to capital on its newfound weightlessness. With a strong balance sheet, no reported debt, and an operating model that is asset-light, the company forecasts continued success in a very favorable M&A environment in global e-commerce businesses. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • What Has Been Hurting DTEA Stock In Pre-Hour Trades?

    What Has Been Hurting DTEA Stock In Pre-Hour Trades?

    Shares of the leading North American tea merchant DAVIDsTEA Inc. (DTEA) is trading -6.59% lower at $4.96 in pre-market trade. Over the past session, DAVIDsTEA stock closed at $5.31, down 2.21% or $0.12. Within the past year, DTEA stock has increased 342.50%, and within the last week it has gone up 22.92%. DTEA stock is falling after release of its quarterly results.

    What has been the performance of DTEA?

    DAVIDsTEA has a wide selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, tea-related accessories, and gifts. On DavidStea.com and the Amazon Marketplace, DTEA offers e-commerce services. In addition to serving wholesale clients, which include over 2,500 grocery stores and pharmacies, DTEA has 18 company-owned stores in Canada. DTEA’s proprietary tea blends and single-origin teas and herbs are all offered exclusively by the company.

    DAVIDsTEA today reported its results for the quarter ended May 1, 2021. The amounts given are in Canadian dollars.

    For the three-months ended May 1, 2021:

    • From $32.2 million in the prior year quarter, DTEA’s sales decreased by 27.9%, or $9.0 million to $23.2 million.
    • A sales decline of approximately 26.6%, or $3.9 million, contributed to the decrease in DTEA’s gross profit to $10.8 million.
    • Sales, general, and administrative expenses (“SG&A”) decreased by $12.4 million or 57.5% to $9.2 million.
    • The operating activities generated $3.2 million in earnings for DTEA, compared to a loss of $44.4 million during the prior year quarter.
    • DTEA posted net income of $3.2 million in the most recent quarter against a loss of $45.8 million a year earlier.
    • Compared with the prior-year first quarter, DTEA’s fully diluted earnings per common share were $0.12, compared with a loss per common share of $1.76.

    DTEA is also impacted by:

    Amounts related to the purchase of goods or services by DAVIDsTEA (DTEA) as of May 1, 2021 are legally enforceable and are legally binding on the Company. This does not include additional amounts based on sales, taxes, and other costs. The DTEA anticipates that the $13.0 million, net of $7.2 million of advances, will be covered within 12 months.

  • Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) stock prices were up by a marginal 0.16% as of the market closing on June 15th, 2021, bringing the price per share up to USD$36.58.

    XM Offers New Solutions

    The company recently announced new solutions to accelerate the pace of innovation across the digital channels of B2B and B2C organizations. The innovative solutions, that expand upon the portfolio of solutions already released since the start of the year, facilitate the rapid and effective designing and optimizing of web and in-app experiences by respective digital teams.

    Utility of Solutions

    The solutions help allow companies to combine experience data-direct consumer feedback in regard to their online interactions and digital analytics, such as page views. This serves to help companies increase conversion, attract new and returning customers, and push for growth through their digital channels.

    Digital Transformation

    A recent study by the Qualtrics XM Institute indicted that more than 75% of more than 17.000 global consumers initiated digital activities over the prior year, including the ordering of groceries, taking of online courses, and receiving medical advice. With digital transformation efforts being accelerated by several years owing to the global restrictions imposed by the onset of the coronavirus pandemic, the onus is on companies to adapt to this change and deliver digital experiences that retain and expand their existing customer bases. Customers who report emotion as being a significant part of their overall experience are at least 35% more likely to make repeat purchases and to recommend the brand.

    Scope of Solutions

    Qualtrics works in tandem with various leading digital platforms, working to improve their web and mobile experiences through the user’s perspective. These integrations allow the company to replay visitors’ sessions, such as when making a purchase, facilitating the pinpointing of moment and causes for a failure to convert visitors into customers. In conjunction with customer feedback and behavioral signals, such as rage clicking, companies have immediate access to causes for churning and the impact of churning on their digital revenue, thereby allowing them to take immediate action to improve the experience within their existing CRM systems.

    Future Outlook for XM

    Armed with the recent expansion of the catalogue of solutions offered by XM, the company is poised to continue its trajectory of success. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • How Has The NeuroMetrix (NURO) Stock Appreciated In After Hour Trades?

    How Has The NeuroMetrix (NURO) Stock Appreciated In After Hour Trades?

    In after-market trading hours on Tuesday, NeuroMetrix Inc. (NURO) advanced 7.06% to $3.64. During the last trading session, NeuroMetrix stock gained 0.29% to close at $3.40. A range of $3.355 to $3.75 was the price range of the NURO stock. NURO stock surged on the news that its device would be utilized in a clinical trial.

    What kind of technology did NURO have?

    NeuroMetrix is a global medical device company that focuses on non-invasive medical device development and global commercialization for the diagnosis and treatment of diseases of the nervous system.

    Three NURO products are commercially available.

    • DPNCheck is a device that detects peripheral neuropathies at the point of care.
    • Developed for in-office evaluation of focal neuropathies, ADVANCE is a diagnostic device which provides automated nerve conduction studies.
    • Quell is an over-the-counter wearable neuro stimulating device indicated for symptomatic relief of chronic lower extremity pain.

    Yesterday, NeuroMetrix announced it would employ Quell technology in a randomized, double-blinded study.

    • Transcutaneous electrical nerve stimulation (TENS) has been tested in order to determine whether it is a feasible, effective, and acceptable way to relieve pain in patients with NMOSD.
    • Michael Levy is the principal investigator at Massachusetts General Hospital’s NMO Clinic and Research Laboratory.
    • A total of 46 NMOSD patients will be enrolled in the current trial.
    • Four weeks will be devoted to the active and sham Quell trials.
    • Subjects will then be subject to a 4-week active treatment phase under open label.
    • Based on the 11-point numerical pain scale, the baseline to 4-week pain intensity change is the primary outcome measure.

    Is the Quell going to be used for anything?

    The results of this rigorous randomized controlled trial will contribute to a growing body of evidence demonstrating the benefits of NURO’s Quell technology in chronic pain conditions with neuropathic pain components. NeuroMetrix (NURO)’s device may be able to help patients with neuropathic pain, which has significant unmet clinical needs.

  • Why Rapid7 Inc. (RPD) stock plummeted in the after-market on Tuesday?

    Why Rapid7 Inc. (RPD) stock plummeted in the after-market on Tuesday?

    Rapid7 Inc. (RPD) shares declined 10.75% in after-market on Tuesday, June 15, 2021, and close the day at $80.2 per share. Earlier, RPD’s stock gained 0.09% to close Tuesday’s session at $89.86 per share. RPD shares have risen 85.66% over the last 12 months, and they have moved up 3.76% in the past week. Over the past three months, the stock has gained 13.00%, while over the past six months, it has added 24.03%.

    Let’s have a look at its recent news.

    Participation in the investor conferences

    Rapid7 Inc recently participated in the Stifel 2021 Virtual Cross Sector Insight Conference. Which held on June 9, 2021, at 2:00 p.m. Eastern Time.

    The company also took part in The William Blair 41st Annual Growth Stock Conference. Which held on Wednesday, June 2, 2021, at 1:40 p.m. Eastern Time.

    Gartner Magic Quadrant for Application Security Testing awards

    On June 01, 2021, Rapid7, Inc was recognized as a Visionary by Gartner in the 2021 Magic Quadrant for Application Security Testing. Rapid7 was recognized for its completeness of vision and ability to execute.

    Recent financial results

    On May 06, 2021, Rapid7, Inc released its financial results for the first quarter of 2021.

    Q1 2021 financial highlights

    • Rapid7 reported total revenue of $117.45 million for Q1 2021 compared to $94.34 million in Q1 2020.
    • GAAP gross profit for Q1 2021 was $81.16 million compared to $66.63 million in Q1 2020.
    • GAAP net loss was $29.85 million in Q1 2021 compared to a $22.93 million loss in Q1 2020.
    • GAAP net loss per share, basic and diluted was $0.56 in Q1 2021 compared to $0.46 in Q1 2020.
    • Adjusted EBITDA was $5.76 million in Q1 2021 compared to $0.78 million in Q1 2020.
    • The company had a free cash flow of $17.87 million in Q1 2021 compared to $11.45 million in Q1 2020.

    Acquisition of Velociraptor

    On April 21, 2021, Rapid7, Inc acquired Velociraptor. Velociraptor is a leading open-source technology and community used for endpoint monitoring, digital forensics, and incident response. Rapid7 will continue to build the Velociraptor community and control its technology and insights to enhance Rapid7’s incident response capabilities.

    Convertible Senior Notes Offering

    On March 17, 2021, Rapid7 Inc offer $525 million 0.25% convertible senior notes due 2027 to raise $511.8 million in an upsized private institutional placement.

    From the offer, Rapid7 will get gross proceeds of $183 million and plan to use $66.5 million of the proceeds to pay the costs of the capped call transactions and the remaining proceeds for general corporate purposes.

    Conclusion

    Well, we have no recent news which could justify RPD loss in the aftermarket on Tuesday. We hope that RPD will recover its loss on Wednesday and will perform better in the upcoming days.

  • What Motivated ARVL Stock To Continue Rally In Extended Trading?

    What Motivated ARVL Stock To Continue Rally In Extended Trading?

    Shares of Arrival (ARVL), a global company creating electric vehicles (“EVs”) with its game-changing technologies, rose 7.44% to trade at $21.38 in after-market trading. In Tuesday’s session, Arrival stock closed at $19.90, an increase of 5.96%.

    There were 4.52 million shares of ARVL stock traded on Tuesday, which was above the average daily volume within the last 50 days of 2.25 million. The ARVL stock rose following a presentation at a virtual investor conference.

    What events has ARVL presented at?

    By introducing a new approach to electric vehicle design and assembling, Arrival is reinventing the automotive industry. ARVL is a global company with headquarters in London, UK, and Charlotte, North Carolina, USA.

    Currently, ARVL has more than 1,900 employees in locations throughout the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company has opened four microfactories to date in North Carolina, South Carolina, Bicester, UK, and Madrid, Spain.

    Arrival yesterday presented at Edison Group’s “Future of Transportation” Open House. In the last week, ARVL announced its representatives would be presenting at the following virtual investor conferences:

    • Edison Group’s “Future of Transportation” Open House with ARVL to present on Tuesday, June 15 at 7:00 am BST.
    • Other event at which ARVL will be presenting is Deutsche Bank Global Auto Industry Conference with ARVL schedule to present on Thursday, June 17 at 7:30 am ET/12:30 pm BST.
    • A live webcast of the events will be available at the investor relations section of the Company’s website, investors.arrival.com.

    Other developments at ARVL:

    Earlier this week, Bloomberg reported that Arrival (ARVL) founder Denis Sverdlov pledged a chunk of his electric-vehicle maker’s equity to secure financing from Citigroup Inc. As part of a credit facility with the bank, the billionaire’s investment firm pledged almost 7% of his ARVL shares as collateral, according to a regulatory filing. The valuation of the stake was about $630 million, and extra collateral in the form of ARVL stocks worth a total of almost $900 million was also made available for the lending agreement.