STOCKS TELEGRAPH

Tag: AI

  • Infobird Co., Ltd. (IFBD) Stock Skyrockets as it Expands Network of Strategic Partnerships

    Infobird Co., Ltd. (IFBD) Stock Skyrockets as it Expands Network of Strategic Partnerships

    Infobird Co., Ltd. (IFBD) stock prices were up by a massive 42.13% some time after market trading commenced on June 29th, 2021, bringing the price up to USD$5.51 earlier on in the trading day.

    About IFBD

    Founded in 2001, IFBD has its headquarters in Beijing with a strong foothold in the Chinese market where it is a well-known SaaS provider of artificial intelligence enabled customer engagement solutions. Having started with call centers, the company is now a leading tech solutions provider for customized, customer engagement management. This is done through its cloud-based services, including, but not limited to, Saad, as well as business process outsourcing services.

    Collaboration with SaSa

    The company announced recently that it had collaborated with SaSa Cosmetics to facilitate the provision of various services. This move will serve to support the company’s marketing and customer service areas. The collaborative partner SaSa has extensive reach in the Asian markets as a large beauty retail chain with more than 300 brick and mortar locations that offer almost 1,000 brands.

    Partnership with Zu Li Jian

    IFBD also announced that it had entered into an agreement with Zu Li Jian, a leading shoe company that addresses a demographic of 260 million elderly and geriatric people of China. The agreement will facilitate the provision of digital costumer engagement solution, as well as to foster customer service improvements for the collaborative partner.

    IFBD IPO

    April 26th, 2021 saw the company announce the closing of its IPO, wherein IFBD put up 6.25 million shares of its common stock for sale. The offering generated gross proceeds in the amount of USD$25 million, before the deduction of expenses related to the offering. The IPO also included a 45-day option for underwriters to purchase up to an additional 937,500 additional shares in the case of over-allotments. These shares would be price at the IPO price, less underwriting discounts and commissions.

    Green Initiative

    May 20th, 2021 saw the company announce having reached an ecological cooperation agreement with China Electronic System Technology. As per the agreement, both companies will conduct comprehensive and in-depth cooperation in the areas of modern digital cities and credit creation in the interest of jointly facilitate the accelerated development of China’s digital economy.

    Future Outlook for IBFD

    Armed with a variety of recent strategic partnerships, IFBD is poised to continue its trajectory of success. The company is keen to usher in further growth as it continues to push for increased market penetration. 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.

  • Alfi, Inc. (ALF) Stock Continues to Skyrocket as Latest Target of Meme Stock Phenomenon

    Alfi, Inc. (ALF) stock prices were up by a massive 50.11% shortly after market trading commenced on June 25th, 2021, bringing the price per share up to USD$19.29 early on in the trading day.

    Share Repurchase Program

    June 23rd, 2021 saw the SaaS platform company announce that its Board of Directors had given the green light for the company to go ahead with a share repurchase program, which would see the repurchasing of up to USD$2 million of its common stock. The company cited the exercising of outstanding warrants, associated with its recent IPO, having benefited its balance sheet as a major factor in the decision to implement the repurchasing program.

    Recent Skyrocketing

    While potentially favorable for investors, these developments do not, however, explain the recent activity seen by ALF’s stock prices. June 22nd, 2021 saw the shares close while up 108.8%. Rather, ALF seems to be the latest target for the meme stock phenomenon that has dominated the stock markets in recent weeks. The company’s market cap has skyrocketed to USD$201 million, up from the USD$15.5 million valuation from earlier in May of 2021. June 22nd, 2021 saw the stock touch a high of USD$16.45 million, after having been traded at a monumental volume of 211 million shares. On that day, ALF was the third most actively traded stock on the U.S exchanges.

    Agreement with All-Niter

    June 15th, 2021 had seen another such massive surge in share price, of 104.4%, but this was in the wake of the announcement of ALF’s agreement with All-Niter. As per the agreement, the partner would be responsible for the shipment and installment of the first 10,000 digital Alfi tablets to be distributed on a global scale to drivers for Uber and Lyft.

    Meme Stock Phenomenon

    Driven by users of the popular social media platform, Reddit, investors coordinate to invest heavily in companies that exhibit a high short interest. As the price is inflated, the Reddit-driven investors cash out on their investments, while hedge funds and other corporate investors scramble to mitigate their losses as a result of the short squeezes. With a trend of picking underdog companies, sometimes on the brink of collapse, these readers confound more seasoned investors with the absence of a valid reason to invest in the companies they do. Lacking major recent developments or changes in fundamentals to justify the skyrocketing prices, this phenomenon has made for a very volatile market as of late.

    Future Outlook for ALF

    Armed with the influx of capital from the skyrocketing of equity value, ALF is poised to capitalize on the opportunities afforded to it. 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.

  • Market Movers: What changed for these 37 stocks while you were sleeping

    Market Movers: What changed for these 37 stocks while you were sleeping

    Immutep Limited (NASDAQ: IMMP) shares are trading down -26.19% at $4.2 at the time of writing after reporting that its Chinese partner, EOC Pharma will begin a new Phase II clinical trial in up to 152 metastatic breast cancer patients in China. Company’s 52-week ranged between $0.53 to $3.10. Analysts have a consensus price target of $7.75.
    SELLAS Life Sciences Group Inc. (SLS) stock plunged -24.18% to $13.39 in the pre-market trading. The most recent rating by Oppenheimer, on November 01, 2018, is an Outperform.
    Veru Inc. (VERU) tumbled over -11.89% at $5.26 in pre-market trading today. The firm recently declared that it has exclusively licensed phase 3 clinical stage targeted therapy for endocrine resistant metastatic breast cancer.
    Before the trading started on December 11, 2020, Professional Diversity Network Inc. (IPDN) is down -25.0% to reach $1.53. It has been trading in a 52-week range of $0.76 to $3.98.
    Neos Therapeutics Inc. (NEOS), a Drug Manufacturers – Specialty & Generic company, dropped about -16.36% at $0.6832 in pre-market trading Friday after announcing definitive merger agreement with Aytu BioScience, pursuant to which Neos will merge with a wholly owned subsidiary of Aytu in an all-stock transaction.
    Callon Petroleum Company (CPE) is down more than -0.53% at $15.0 in pre-market hours Friday December 11, 2020. The stock had jumped over 7.71% to $15.08 in the last trading session.
    C3.ai Inc. (AI) stock moved down -5.38 percent to $123.0 in the pre-market trading. The company lately declared the pricing of its initial public offering of 15,500,000 shares of its Class A common stock at a price of $42.00 per share.
    Hepion Pharmaceuticals Inc. (NASDAQ: HEPA) shares are trading up 2.21% at $1.85 at the time of writing. Company’s 52-week ranged between $1.00 to $6.90. Analysts have a consensus price target of $14.
    Regulus Therapeutics Inc. (RGLS) stock plunged -9.92% to $1.09 in the pre-market trading. The healthcare company revealed closing of $19.4 million private placement of equity. The most recent rating by B. Riley FBR Inc., on March 28, 2018, is a Neutral.
    Range Resources Corporation (RRC) stock plunged -4.79% to $7.35 in the pre-market trading. The most recent rating by Stephens, on November 16, 2020, is an Overweight.
    Zedge Inc. (AMEX: ZDGE) shares are trading up 23.7% at $6.68 at the time of writing after reporting first fiscal quarter revenue growth of 85% and record overall quarterly financial results. Company’s 52-week ranged between $0.66 to $4.70. Analysts have a consensus price target of $3.
    Hennessy Capital Acquisition Corp. IV (HCAC), a Shell Companies company, dropped about -5.82% at $20.72 in pre-market trading Friday.
    Editas Medicine Inc. (EDIT) grew over 0.84% at $67.4 in pre-market trading today. The company recently publicized submission of IND application for EDIT-301 with the FDA.
    Greenwich LifeSciences Inc. (GLSI) is down more than -9.3% at $65.5 in pre-market hours Friday December 11, 2020 following the today’s announcement of poster presentation on its GP2 phase III clinical trial design for recurring breast cancer. The stock had jumped over 26.48% to $72.22 in the last trading session.
    Silver Spike Acquisition Corp. (SSPK) is down more than -2.78% at $14.0 in pre-market hours Friday December 11, 2020. The stock had jumped over 37.27% to $14.40 in the last trading session.
    Biocept Inc. (BIOC) stock plunged -3.07% to $5.68 in the pre-market trading after declaring results from a prospective study showing Target Selector™ was highly accurate in monitoring HER2 alterations in patients with metastatic breast cancer. The most recent rating by Chardan Capital Markets, on November 14, 2017, is a Buy.
    W&T Offshore Inc. (NYSE: WTI) shares are trading down -6.02% at $2.5 at the time of writing following the firm provided an operational update regarding fourth quarter 2020 production. Company’s 52-week ranged between $1.07 to $6.10.
    Before the trading started on December 11, 2020, Platinum Group Metals Ltd. (PLG) is up 1.93% to reach $5.27. It has been trading in a 52-week range of $0.86 to $5.20.
    Aytu BioScience Inc. (AYTU), a Biotechnology company, dropped about -24.72% at $6.12 in pre-market trading Friday after the company and Neos Therapeutics declared definitive merger agreement pursuant to which Neos will merge with a wholly owned subsidiary of Aytu in an all-stock transaction.
    Torchlight Energy Resources Inc. (TRCH) stock soared 13.78% to $0.7226 in the pre-market trading. The most recent rating by ROTH Capital, on March 13, 2020, is a Neutral.
    Before the trading started on December 11, 2020, Energy Fuels Inc. (UUUU) is up 1.64% to reach $3.1 following the announcement from the company that that its President and CEO Mark S. Chalmers will be presenting live at the 13th Annual LD Micro Main Event investor conference on Monday, December 14, 2020 at 11:40 AM (EST). It has been trading in a 52-week range of $0.78 to $2.99.
    Ashford Hospitality Trust Inc. (NYSE: AHT) shares are trading up 8.04% at $4.3 at the time of writing. Company’s 52-week ranged between $1.27 to $29.44.
    ClearOne Inc. (CLRO) stock plunged -7.2% to $2.45 in the pre-market trading after declaring that it has appointed Chromasound PLC, based in Budapest, Hungary, as its newest distribution partner. The most recent rating by Singular Research, on August 16, 2018, is a Buy – long-term.
    ReWalk Robotics Ltd. (NASDAQ: RWLK) shares are trading up 3.7% at $1.4 at the time of writing after revealing a contract with a German private health insurance company to allow all eligible beneficiaries with spinal cord injury (SCIs) to apply for the procurement of a ReWalk 6.0 exoskeleton system. Company’s 52-week ranged between $0.41 to $2.71. Analysts have a consensus price target of $1.50.
    Progenity Inc. (PROG) grew over 9.32% at $4.34 in pre-market trading today. The firm recently reported closing of the convertible senior notes offering and partial exercise of the Initial purchaser’s option to purchase additional notes.
    Boxlight Corporation (BOXL) is down more than -7.69% at $1.8 in pre-market hours Friday December 11, 2020. The stock had jumped over 17.47% to $1.95 in the last trading session.
    Lemonade Inc. (LMND), a Insurance – Property & Casualty company, rose about 0.7% at $100.4 in pre-market trading Friday. The company recently declared that residents of France can now get renters insurance instantly, anytime, and from any device – as well as file claims and get paid in seconds through the Lemonade app.
    ObsEva SA (OBSV) lost over -2.54% at $2.3 in pre-market trading Friday December 11, 2020 after announcing topline 52-week PRIMROSE 1 and 76-week PRIMROSE 2 results of Yselty, in development for the treatment of women with heavy menstrual bleeding due to uterine fibroids.
    Amplify Energy Corp. (AMPY) is down more than -27.33% at $1.09 in pre-market hours Friday December 11, 2020 following the commencement of an underwritten public offering of 8,548,485 shares of its common stock by certain of its stockholders which are affiliates of Fir Tree Capital Management L.P. The stock had jumped over 11.94% to $1.50 in the last trading session.
    Before the trading started on December 11, 2020, Hoth Therapeutics Inc. (HOTH) is up 0.54% to reach $1.85 after the firm revealed that it has received approval to commence phase 1b clinical trial of BioLexa for the treatment of Atopic Dermatitis in humans. It has been trading in a 52-week range of $1.60 to $7.25.
    RMG Acquisition Corp. (RMG) grew over 6.6% at $22.29 in pre-market trading today after declaring stockholder meeting Date of December 28, 2020.
    Marathon Patent Group Inc. (MARA) is down more than -10.34% at $4.68 in pre-market hours Friday December 11, 2020. The company recently stated that it has entered into a contract with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC Miners. The stock had jumped over 9.21% to $5.22 in the last trading session.
    Before the trading started on December 11, 2020, Inseego Corp. (INSG) is up 7.26% to reach $13.15. The firm today reported that the it is expanding its global footprint in Japan with the launch of its industry-leading 5G MiFi® M2000 mobile hotspot. It has been trading in a 52-week range of $3.91 to $15.25.
    Entera Bio Ltd. (ENTX) tumbled over -7.56% at $1.1 in pre-market trading today after revealing FDA approval of IND application for EB613 – an oral human Parathyroid Hormone (1-34) for the treatment of Osteoporosis.
    OncoCyte Corporation (OCX) stock moved up 3.23 percent to $2.24 in the pre-market trading. The firm recently reported that it will host a key opinion leader (KOL) call on the Company’s proprietary DetermaRx™ and DetermaIO™ molecular tests for cancer treatment selection on Tuesday, December 15, 2020 at 11:00am Eastern Time.
    ZK International Group Co. Ltd. (ZKIN) lost over -4.98% at $2.1 in pre-market trading Friday December 11, 2020 after declaring that it signed a letter of intent with Tuopeng Industrial, a prominent construction and real estate company.
    Before the trading started on December 11, 2020, Arbutus Biopharma Corporation (ABUS) is up 15.8% to reach $4.25. It has been trading in a 52-week range of $0.88 to $9.02 following the declaration of additional clinical data from an ongoing Phase 1a/1b clinical trial (AB-729-001) with AB-729, its proprietary GalNAc delivered RNAi compound.

  • Why WiMi Hologram (NASDAQ: WIMI) Stock Jumping Today?

    Why WiMi Hologram (NASDAQ: WIMI) Stock Jumping Today?

    Shares of WiMi Hologram Cloud Inc. (NASDAQ: WIMI) rocketed 6.00% after the company announced that it has decided to establish a new subsidiary, VIYI Technology Inc. to speed up the development of AI algorithm and cloud computing services. The company has named  Mr. Yi Chengwei, who earlier worked as the CTO of WiMi as the CEO of WIMI.

    VIYI Technology’s main aim is to focus on low latency cloud computing and data service growth. It will support a wide range of data-centric applications from gaming, multi-media entertainment, to online and mobile advertising, and PaaS cloud services.

    The company revealed that it will be able to utilize its advanced AI product advertising and gaming platform and support services more broadly and more quickly as 5G networks continue to be deployed around the world. VIYI also announced that it will continue its investment in core technologies in the field of intelligent analysis and processing of large-scale heterogeneous data.

    WiMi Hologram Cloud Inc. (NASDAQ: WIMI) shares were trading up 6.00% at $6.36 at the time of writing on Monday. WiMi Hologram Cloud Inc. (WIMI) share price went from a low point around $3.20 to briefly over $29.50 in the past 52 weeks. It has moved up 98.45% from its 52-weeks low and moved down -78.44% from its 52-weeks low. WIMI market cap has remained high, hitting $383.28 Million at the time of writing.

    WiMi and Google have earlier vowed to change the interactive experience of streaming media. 5G Technology is the latest extended generation of 4G, 3G, and 2G technology and it has the ability to provide high data rates, reduced latency, energy savings, reduced costs, increased system capacity, and large-scale device connection.

    Google has suggested that it is now the time for social APP and mobile game developers to hold the era of high bandwidth, as 5G mobile networks now offer the same bandwidth experience as fixed broadband. Earlier, Google has commenced the first test of Project Stream. This is the first time they have opened this project for the public.