STOCKS TELEGRAPH

Category: Featured

  • SoFi Technologies Inc. (SOFI) stock Rebounds After Hours on Beat 2021 Earnings

    On March 01, 2022, SoFi Technologies Inc. (SOFI) declared its financial results for Q4 and fiscal 2021. Consequently, the shares of the company’s stock rebounded and became bullish in the after hours.

    The investors seemed to have been unsure of the earnings as the stock suffered a decline of 2.18% before the earnings. During the regular session, SOFI stock remained in the red at an active volume of 198% of the average. The stock closed the session at $11.20 per share as 107.85 million shares exchanged hands. Following the announcement, the stock rebounded to add 18.13% at an after-hours volume of 30.13 million. Hence, SOFI was trading at $13.23 apiece in the after-hours on Tuesday.

    The financial services provider, SoFi Technologies Inc. offers various kinds of loans and credit card facilities. Founded in 2011, the company has a market capitalization of $9.49 billion with its 828.59 million shares outstanding.

    SOFI’s 2021 Financials

    The company reported adjusted net revenue of $279.9 million and $1.01 billion for Q4 and fiscal 2021, respectively. This marks a respective increase of 54% and 63% against 182.0 million and $621.2 million in the same period of 2020.

    Source: Entrepreneur

    Moreover, the GAAP net loss was $111.0 million in Q4 2021 and $483.9 million in fiscal 2021. Comparatively, the GAAP net loss was $82.6 million and $224.1 million in Q4 and fiscal 2020, respectively.

    Furthermore, SOFI had adjusted EBITDA of 4.6 million in Q4 2021, against $11.8 million in the year-ago period. The adjusted EBITDA was $30.2 million for fiscal 2021.

    2022 Guidance

    With the negative impact of federal student loan payments due to extension, the expected adjusted revenue for Q1 2022 is $280-$285 million. SOFI expects an adjusted EBITDA of $0-$5 million in the quarter.

    Additionally, for fiscal 2022, the expected adjusted net revenue is 1.57 billion approx. with adjusted EBITDA of $180 million.

    SOFI Checking & Savings

    On February 24, the company announced launching SoFi Checking and Savings for helping people to get their money right. The latest offering will let members have greater control over their money management along with an improved user experience. The offering also provides a huge array of customizable options.

    Technisys Acquisition Agreement

    On February 22, the company announced its definitive merger agreement for acquiring Technisys for a consideration of 84 million SOFI common shares to Technisys’ shareholders. Technisys is a leading cloud-native, digital multi-products core banking platform.

    The merger deal is expected to close in the second quarter of 2022.

  • Nordstrom Inc. (JWN) stock Rallies After Hours on Beat Q4 2021 Earnings & Future Outlook

    On March 01, Nordstrom Inc. (JWN) declared its financial results for Q4 and fiscal 2021 along with the outlook for 2022. Consequently, the stock rallied in the after-hours on Tuesday.

    It seems investors were unsure of the upcoming earnings as the stock traded heavily at 254% of the average volume. At 19.54 million shares, JWN stock declined by 5.79% as it fluctuated between $19.36 and $21.13. The stock closed the regular session at a value of $19.54 per share. Following the beat earnings, the stock rebounded in the after-hours to add 34.85%. Hence, JWN stock was trading at a value of $26.35 per share in the after-hours on Tuesday. The volume remained 5.91 million shares in the session.

    The clothes, shoes, and accessories manufacturer, Nordstrom Inc. has a market capitalization of $3.3 billion. Its 159.31 million outstanding shares have declined by 13.62% year to date. The stock lost a value of 48.0% last year.

    JWN’s Q4 2021 Highlights

    In Q4 2021, the company had earnings of $200 million, against $33 million in the year-ago period. Therefore, the EPS was $1.23 on a diluted share basis in the fourth quarter of 2021.

    Source: Entrepreneur

    Moreover, the company reported earnings before taxes (EBIT) of $299 million, which was 6.8% of the sales in Q4 2021.

    JWN’s net sales saw an increase of 23% in Q4 2021, against the same period of the previous year.

    Additionally, at the end of the year, the company had $1,1 billion in liquidity which included cash of $322 million.

    Future Outlook

    For fiscal 2022, the company expects revenue to grow by 5-7% YOY and an EBIT margin of 5-6% of sales.

    Furthermore, the expected EPS for fiscal 2022 is $3.15 to $3.50. This excludes share repurchase activity impact.

    Relocation of Nordstrom Rack

    On January 31, the company announced the relocation plan of its Nordstrom Rack store within The Summit in Birmingham, AL. Managed by Bayer Properties, the 27,000 sq. ft. store is set to be opened in spring 2023.

    In addition, the new location is part of a mixed-use shopping and entertainment destination including retail, restaurant, and office space.

    The off-price retail division of JWN, Nordstrom Rack offers up to 70% off on apparel, accessories, beauty, home, and shoes from various brands to the customers.

    Conclusion

    On Tuesday, the company not only reported a beat Q4 but also an upbeat outlook for fiscal 2022. Thus, the results highly impressed the investors while they were gloomy before the earnings release. As a result, the JWN stock soared in the after-hours on Tuesday.

  • CooTek (Cayman) Inc. (CTK) stock Soars High After Hours. Any Reasons?

    On March 01, CooTek (Cayman) Inc. (CTK) stock jumped up by a further 56.10% in the after-hours while it remained bullish in regular trading as well. There is no official announcement or recent SEC filing to be attributed to the bullish momentum of the stock.

    During the regular trading session, the stock remained bullish with a good gain of 36.24% CTK stock closed the session at a value of $0.3203 per share while 21.5 million shares exchanged hands. The day saw a super heavy volume of 1,200% of its average 1.79 million shares. Following the gain in the regular session, the stock rose further high in the after-hours to reach $0.5000 per share. The after-hours session also saw a very heavy volume as 11.96 million shares traded hands.

    The mobile internet company, CooTek (Cayman) Inc. has a market capitalization of $15.8 million. Currently, the company has 62.28 million shares outstanding in the market.

    CTK stock Movement

    After trading in the red for a few days, near its recent, 52-week low, CTK stock became bullish on Tuesday. With no official reason for the movement, external factors like social media chatter and stock sentiment seem to be the driving force here. CTK stock has been marked as one of the top hot penny stocks this week by various stock analyst websites. It seems the investors are taking advantage of the stock’s low price as it had been trading fairly low and near its 52-week low price of $0.2000. The stock sentiment is another factor that could be at play here.

    Recent Developments

    On January 28, the company announced that its Love Fantasy mobile game has topped the list of Most Downloaded iOS Chinese Overseas Games in December 2021. The game saw 2.5 million downloads with a huge increase of 216.5% month-on-month. Moreover, the game ranked second on the list on Google Play with an increase of 238.1% in downloads.

    Source: Digital Information World

    With a rating of 4.9/5 on the App Store and 4.8/5 on Google Play, Love Fantasy targets female mobile gamers. It has an interactive romance storyline that is based on the explosive match-3 gameplay.

    CTK’s Q3 2021 Highlights

    In the third quarter of 2021, CTK reported net revenues of $51.1 million with a decline of 52% YOY.

    Moreover, the adjusted net income was $0.4 million in Q3 2021, against $20.5 million in the year-ago period.

    Additionally, the company’s gross profit also decreased to reach $42.0 million in Q3 2021, against $98.9 million in Q3 2020.

  • A New Dawn for the Avinger Inc (AVGR) Stock?

    Stock for Avinger Inc (NASDAQ: AVGR) has been on a consistent upward trend since Thursday of last week, netting in gains of up to 16.42% in a mere six days, pushing the stock value to $0.28 per share. Judging from the scatter observed across social media, traders are closely observing these price movements, in anticipation of further growth yet to be realized.

    Prior Stock Price Movements

    AVGR, which has essentially become a penny stock, has deviated far from its days of glory where it was trading at upwards of $13 per share in late 2015. The US-based medical device specialist firm has undergone tremendous change due to a range of circumstances in the last seven years. Consistent losses in revenue and a lack of confidence amongst investors continue to contribute to the downfall of the AVGR stock.

    Positive Corporate Developments

    The sudden shift in market position for the AVGR stock is possibly linked to a string of reports and announcements that had surfaced in the prior weeks, bringing a glimmer of hope for the prospects of the company. The company’s catheter-based, and image-guided diagnosis machine, the Lightbox 3 for intravascular conditions, had been successfully used by American medical teams. This came as a breakthrough for the company, following the system’s approval by the FDA earlier on in January, which is presumably the most significant influencer on the company’s stock price as of present.

    This development potentially signals a new phase in the company’s business trajectory. The Lightbox 3, both being approved by the relevant regulators, and being successfully used by US physicians, is likely to see success in the market, as an innovative solution. Furthermore, the company had earlier announced the closing of its direct offerings, which it had previously announced, amounting to a total amount of $7.6 million in financing. These preferential stocks had been acquired by a number of institutional bodies, looking to diversify their respective portfolios. This had freed up funding for the company to allocate towards working capital.

    Conclusion

    Developments around the future ambitions of Avinger translate directly into its stock market valuation by market. Given Avinger’s prior circumstances and varying challenges, this new stage in the company’s lifecycle could help push the company towards sustainable growth, and value creation for its stockholders. It comes as no surprise to observe the pace at which the market had responded to this breakthrough, which continues to see stock price climb.

  • American Rebel (AREB) – High Volume, High Growth?

    The American Rebel Holdings (NASDAQ: AREB) stock has come under the limelight lately, with market participants anticipating high growth in the short-term period. As trading reached the pre-market phase, total growth throughout the previous day amounted to a total of 52.63%. What has been of particular note is the volume of trade during this period, which indicates substantial interest in the market, described as being the essential driver behind the growth being experienced.

    Initial Public Offering

    The company, a firm specializing in the design and marketing of self-defense products, had also made the news earlier last month, after the announcement of its initial public offering.  The $10.5 million equity funding had provided the company a significant boost, as well as the confidence of investors, after being listed on the NASDAQ exchange. The public offering had further given the company’s stock a temporary jump in stock price, allowing traders to capture immediate gain during the time. Since then, company stock value has been on a steady decline, immediately following the short-term gains it had experienced and had been unable to sustain.

    External Triggers

    The sudden interest in the company’s stock, along with traders investing in substantial volumes, correlates with the passing of a senate bill in Georgia, permitting citizens to carry concealed firearms, without the requirement of a license. American Rebel happens to offer concealed carry firearms and related products. It is likely that political discourse on this topic, following the passing of the Georgia senate bill, has led to market participants seeing an increase in earning potential for firms such as American Rebel. This may have potentially triggered the initial interest towards the AREB stock, which was then enhanced by traders anticipating growth potential, as a domino effect. It is likely that this is a potential explanation for the high volume of trade the stock had undergone.

    Conclusions

    This external event seems to be the optimal trigger that launches the company stock into the limelight, bringing attention to the business as a whole, leading to a potential swing in the market. The price jump from $1.29 to $1.92 is an indication of this possible swing, with buyers optimistically expecting this growth to further continue onward. The question as to whether this growth will sustain, or plummet as it did subsequent to its earlier IPO, is yet to be seen.

  • What Caused Aurora Mobile (JG) Stock to Rise Nearly 11% Today?

    Aurora Mobile Limited (JG) has advanced 10.71% at $1.35 in current market on the last check Tuesday. The stock of Aurora Mobile completed the previous trading session at $1.22. The price range of the company’s shares was between $1.14 and $1.2654. It traded 0.41 million shares, which was above its daily average of 0.39 million shares over 100 days. JG shares have gained by 14.02% in the last five days, while they have added 54.63% in the last month. JG stock is rising following an acquisition effort.

    What exertion does Aurora Mobile has made?

    Established in 2011, Aurora Mobile is a main versatile designer specialist organization in China. JG is focused on giving productive and stable message pop-up, a single tick confirmation, and application traffic adaptation administrations to assist engineers with working on functional effectiveness, develop and adapt. In the mean time, JG’s upward applications have extended to advertise knowledge, and monetary gamble the executives, enabling different ventures to further develop usefulness and upgrade navigation.

    Aurora Mobile (JG) today declared that it has gone into a conclusive consent to get a larger part value interest in Wuhan SendCloud Technology Co., Ltd. (“SendCloud”).

    • SendCLoud is China’s driving Email API stage for purchaser advertising and client driven value-based email administrations.
    • JG is gaining the stakes with the absolute money thought to be endless supply of the exchange.
    • What’s more, JG plans to give value grants to the administration of SendCloud.
    • With the joined mastery of the two groups, JG is extremely sure about its capacity to assist its main goal to make a one-stop incorporated stage for client commitment arrangements.
    • JG is expecting multiplying its client endless supply of this exchange as SendCloud had in excess of 2,000 paying clients during the final quarter of 2021.
    • The two players can profit from this obtaining through more strategically pitching open doors to the consolidated client base and assist with filling future income development.
    • Simultaneously, JG will actually want to meet the clients’ prerequisites of omni-channel client commitment the board through a coordinated focal stage, which will additionally diminish their administration costs, improve on the intricacy for clients to incorporate various administrations and expand client esteem.

    How JG will leverage the acquisition?

    Both SendCloud and Aurora Mobile (JG) give designer driven benefits and are profoundly corresponding in items and client base. Utilizing SendCloud’s solid elite presentation framework and data set administrations alongside continuous email conventions investigation, will assist JG with further developing its omni-channel informing abilities by coordinating these frameworks into the Company’s client commitment related administrations.

  • Enveric Biosciences, Inc. (ENVB) stock surged in the current market; here is why?

    Enveric Biosciences, Inc. (ENVB) gained in the current market after announcing its new patent in a press release. EVNB values at $0.33, gaining more than 18.87% compared to yesterday’s closing price. The stock closed at $0.27 at the end of the last trading session. The stock volume traded in the previous trading session was around 1.83 million shares. The current market cap of the Company is about $14.43 million.

    ENVB new patent

    On Tuesday, Enveric Biosciences stated that it had completed its comprehensive series of PCT applications for tryptamine-based derivative molecules with the filing of its 10th PCT patent application. Enveric Biosciences is working on next-generation psychedelic-inspired treatments for mental health issues, an innovative pharmaceutical firm with a neuroscience emphasis.

    DMT, 5-MeO-DMT, psilocybin, and 5-MeO-DMT are some of the naturally occurring psychedelics that the Company’s extensive tryptamine-derivative intellectual property portfolio claims new compounds structurally linked to. Worldwide researchers are looking at naturally occurring compounds as potential remedies for conditions including depression, anxiety, schizophrenia, OCD, PTSD, eating disorders, pain, autism, and Alzheimer’s.

    ENVB CIO Remarks

    Enveric’s Chief Innovation Officer, Dr. Peter Facchini, said that the Company’s primary emphasis is on developing innovative compounds with superior pharmacological features that are covered by the composition of matter, manufacturing, and method-of-use patent claims. Enveric’s vast intellectual property portfolio allows us to invest in and utilize these medicines’ medicinal potential. Psychiatric and neurologic illnesses are among the most common psychiatric and neurologic problems.

    Conclusion

    Enveric’s psychedelic-inspired chemical portfolio provides worldwide patent protection for potentially millions of innovative therapeutic opportunities. The Company is looking forward to strengthening its position in the relevant industry to gain a competitive edge over its rivals. Enveric Biosciences, Inc. (ENVB) is a pre-revenue coma any and has enough patents to roll out into the market. The last reported quarter had zero revenue but $2.7 million net loss.

  • iQIYI, Inc. (IQ) surged in the current market; here is why?

    iQIYI, Inc. (IQ) gained in the current market after announcing its fourth quarter and fiscal 2021 results. IQ values at $5.09, gaining more than 22.90% compared to yesterday’s closing price. The stock closed at $4.14 at the end of the last trading session. The stock volume traded in the previous trading session was around 10.39 million shares. The current market cap of the company is about $3.17 billion.

    IQ: Q4 and Fiscal 2021 Key Financials

    • iQIYI, Inc.’s revenue in Q4 2021 was RMB 7.3 billion. It is a slight decrease compared to the revenue of RMB 7.4 billion in Q4 2020.
    • Fiscal 2021 revenue was RMB 30 billion, slightly more than the revenue of RMB 29.7 billion in fiscal 2020.
    • The company’s net loss in Q4 2021 was around RMB 1.7 billion, more than compared to the net loss of RMB 1.5 billion in Q4 2020.
    • IQ net loss in fiscal 2021 was around RMB 6.1 billion, less than compared to the net loss of RMB 7 billion in fiscal 2020.
    • The Q4 2021 loss per share was RMB 0.32, compared to a net loss of RMB 0.30 of Q4 2020.
    • For fiscal 2021, the loss per share was RMB 1.11, compared to RMB 1.36 in fiscal 2020.

    IQ CEO’s Remarks

    Mr. Yu Gong, Founder, Director, and CEO of iQIYI, said that iQIYI is leading a new chapter in the Chinese long-form video business. We began several cost-cutting and organizational-alignment measures in the fourth quarter of 2021. The findings are favorable. We increased our operations and cost efficiency while keeping our industry-leading user metrics. I am pleased to see we are on the right track.

    IQ 2022 Guidance 

    Mr. Yu Gong further commented that we aim to achieve full-year non-GAAP operating break-even in 2022 and quarterly non-GAAP operational break-even as soon as feasible while preserving our competitive edge.

    Conclusion

    The company is looking forward to strengthening its completive edge and increasing its market share. The revenue of the company slightly increased in fiscal 2021.

  • On What Basis Did Lilium (LILM) Stock Rise 2.24% In Early Trades Today?

    On What Basis Did Lilium (LILM) Stock Rise 2.24% In Early Trades Today?

    Lilium N.V. (LILM) is rising on the charts today, up 2.24% to trade at $3.49 at last check. Shares in Lilium (LILM) closed the last trading day at $3.42. The volume of shares traded was 0.25 million, which is lower than the average volume over the last three months of 730.93K. During the trading session, the stock oscillated between $3.385 and $3.56. The company had an earnings per share ratio of -4026.53.

    Lilium stock has lost -13.85% of its value in the previous five sessions and moved -28.00% over the past one month, but has lost -50.65% on a year-to-date basis. The stock’s 50-day moving average of $5.76 is above the 200-day moving average of $8.57. Moreover, the stock is currently trading at an RSI of 26.48. LILM stock is rising in response to an update.

    What Lilium will share?

    Lilium (LILM) is making a maintainable and available method of high velocity, territorial transportation for individuals and merchandise. Utilizing the Lilium Jet, an all-electric vertical take-off and landing plane, offering a driving limit, low commotion, and superior execution with zero working discharges, Lilium is speeding up the decarburization of air travel. Working with aviation, innovation, and foundation pioneers, LILM has declared arranged networks in Germany, the United States, and Brazil.

    Lilium (LILM) is set to deliver its Fiscal Year 2021 Business Update today. Lilium will introduce the update in a webcast telephone call today at 8:00 a.m. Eastern Standard Time. The webcast will be accessible on the LILM site under fragment financial backer relations.

    Lilium (LILM) as of late publicly supports inquiries from private investors for the webcast.

    Begun February 21, and went on through February 27, 2022, retail financial backers who were current and confirmed holders of Lilium shares have to submit and upvote inquiries to be surveyed by the LILM supervisory team. LILM will answer specific inquiries put together by enrolled investors through the Say Connect Platform in the present webcast.

    LILM is an organization with a solid mission to decarbonize portability. It is fabricating drastically better approaches to moving and needs to stretch out its creative way to deal with how it imparts as a public organization. Lilium showed its obligation to speak with its financial backers as a whole, no matter what their monetary stake.

    What LILM is arranging further?

    To assist with working with such associations and upgrade commitment, Lilium (LILM) is joining forces with Say Technologies, (“Say”) an organization that has assembled a creative correspondence stage to make it simpler for financial backers to interface with the organizations they put resources into. LILM plans to use the Say Connect stage regarding its impending quarterly profit calls.

  • Farmmi, Inc. (FAMI) stock gained in the current market; here is why?

    Farmmi, Inc. (FAMI) stock gained in the current market after getting new orders this month with a recent one from New York City. FAMI values at $0.17, gaining more than 2.75% compared to yesterday’s closing price. The stock closed at $0.18 at the end of the last trading session. The stock volume traded in the previous trading session was around 28.73 million shares. The current market cap of the company is approximately $104.98 million.

    FAMI: New York City Order

    Farmmi, Inc. (FAMI) announced in a press that its most recent order for dried sliced Shiitake mushrooms is from New York City. The company has received another significant export order.

    The company recently exported its dried sliced Shiitake mushrooms to different countries. On February 22, 16, and 09, 2022, the company received orders for its dried sliced Shiitake mushrooms from Dubai, Jordan, Israel.

    FAMI: Global Mushroom Industry

    Over the next decade, the global mushroom market is expected to grow at an annual rate of 9.5 percent, compared with a value of $46.1 billion in 2020. The increasing number of vegans are looking for protein-rich diets over the next several years, which will fuel the industry. 

    FAMI CEO’s Remarks

    Ms. Yefang Zhang, the company’s CEO, said that this is a great success for our sales team as we utilize our brand and supply chain to expand globally. The United States is a significant market for fungi, with customers eager to include them in their diets. We anticipate additional space to run in the US and other major markets as we deliberately grow order volume and size.

    Conclusion

    However, despite the worldwide tensions, the company’s stock price continues to rise. There is an ongoing crisis between Russia and Ukraine that has lately impacted the company’s shares. However, fresh orders are coming in, which is helping the firm stay up with its operational costs despite the current scenario, which can potentially disrupt the supply chain.