STOCKS TELEGRAPH

Tag: BEST

  • BEST stock Plunges Down After Hours Due to Corrections

    On March 18, BEST Inc. (BEST) stock surged up by a mammoth gain of 73.55% during regular trading. Ultimately, the hike concluded in a downfall in the after-hours as the stock succumbed to corrections.

    In the regular trading session, the stock fluctuated between a high of $1.00 and a low of $0.55 at 11.09 million shares. The volume of the shares traded remained above the average at 630%. BEST closed the session at a value of $1.00 per share while there was no news behind the huge gain. Following the gain, the stock fell under corrections in the after-hours to reach $0.84. Hence, the stock subtracted 16.00% or $0.16 in the after-hours session on Friday.

    The supply chain services holding company, BEST Inc. is based in China and has a market capitalization of $386.12 million. Currently, the company has 247.78 million shares outstanding in the market. Standing at a year-to-date gain of 17.44%, 2022 has so far proved very fruitful for the stock. Last year, the stock subtracted a value of 55.95%.

    BEST’s 2021 Financials

    On March 8, the company declared its financial results for Q4 and fiscal 2021 along with revenue guidance for fiscal 2022.

    Source: FreshBooks

    Q4 2021

    In Q4 2021, the company’s revenue declined by 20.3% YOY to RMB2,724.9 million (US$427.6 million).

    Moreover, BEST reported a net income of RMB1,945.3 million (US$305.3 million) in the quarter, while BEST incurred a net loss in the year-ago quarter. Consequently, the company had a non-GAAP diluted EPS of RMB(1.75) from continuing operations in the quarter.

    Fiscal 2021

    For fiscal 2021, the company reported revenue of RMB11,425.8 million with YOY growth of 8.5%.

    Furthermore, BEST had a net income of RMB209.6 million in fiscal 2021, against a net loss of RMB2,051.2 million in fiscal 2020. Thus, the non-GAAP diluted EPS was RMB(3.01) from continuing operations in the year.

    Fiscal 2022

    BEST provided revenue guidance of RMB10-12 billion from its core business in fiscal 2022. The company’s core business includes Freight, Supply Chain Management, and Global segments.

    Changes to BEST’s Board

    On February 22, the company announced certain changes to its board of directors.

    Director Jun Chen resigned from BEST’s board, effective February 17, 2022. Mr. Chen served as Alibaba Director with the company and was nominated by Alibaba Group Holding Limited and Cainiao Smart Logistics Network Limited.

    Hence, Alibaba Group and Cainiao Network appointed Ms. Xiao Hu to replace Mr. Chen as an Alibaba Director with the company.

  • BEST Inc. (BEST) Moving Up in Premarket on Closing of its Express Business in China

    Following the completion of sale of its business in China, BEST Inc. (BEST) was up by 6.81% at $0.9399 premarket at the last check on Friday.

    In the previous trading session, the stock traded between $0.8800 and $0.9400 at a volume of 1.41M shares. BEST closed the session with a loss of 4.01% at $0.8800 on December 16. Upon the emergence of the news, the stock entered green in the premarket session today. At the time of writing the stock had increased by $0.0591 at 2.8 thousand shares.

    More about BEST

    The China-based holding company, BEST Inc. works in the smart supply chain services sector. Currently, the company has a market capitalization of $353.99 million.

    In the past five days, the BEST stock has lost a value of 20.00% and 38.03% in the past three months. Moreover, the year-to-date loss of the stock stands at 56.86%.

    Express Business Sale

    On December 17, the company announced that it has closed and completed express delivery business in China. Further, BEST sold the business to J&T Express Co., Ltd. At RMB6.8 billion or US$1.1 billion approx. The limited liability company, J&T Express provides logistics services in China. Moreover, the companies had entered into a definitive agreement for the transaction on October 29, 2021. Hence, the express delivery business is transferred to J&T Express, China.

    In addition, the Founder, Chairman, and CEO of BEST, Johnny Chou shared the company’s satisfaction with the transaction. According to him, the completion of this transaction will allow BEST to focus on supply chain-based logistics solutions. Moreover, it will also improve the company’s balance sheet and profitability.’

    The company intends to focus on integrated supply chain, freight, and global logistics services in the future.

    BEST’s Q3 Earnings Results

    On November 16. BEST announced its unaudited financial results for the third quarter of 2021. According to this, the company generated a revenue of RMB6,812.4 million (US$1,057.3 million) in the third quarter of 2021. This shows a 14.6% year-over-year decrease, due to a decrease in the average selling price in the Express and Freight segments.

    Moreover, the non-GAAP net loss incurred in the Q3 of 2021, was $684.2 million (US$106.2 million). Comparatively, the non-GAAP net loss was RMB541.9 million in the Q3 of 2020.

    Consequently, the non-GAAP diluted EPS was RMB(1.73) (US$-0.27) and RMB(1.39) in Q3 of 2021 and 2020, respectively.

    The company subjected the year-over-year decrease in the revenue and increase in the net loss to the impacts of Covid-19.

  • Early Morning Vibes: The 4 Best Stocks To Buy Now

    Early Morning Vibes: The 4 Best Stocks To Buy Now

    On January 19, American stock indexes finished trading in the green zone. The S&P 500 Index rose 0.81% to 3799 points, the NASDAQ rose 1.53%, the Dow Jones added 0.38%. The optimism was driven by a call for Congress, Janet Yellen, who will become the next finance minister, to increase fiscal stimulus by raising government spending. The tech sector emerged as one of the top gainers with 1.31% as Janet Yellen opposed a sharp increase in corporate taxes.

    Corporate news

    • Investment bank Goldman Sachs (GS: -2.3%) showed strong results, but management was cautious in forecasting gains from trading.
    • General Motors (GM: + 9.8%) entered into a partnership agreement with Microsoft (MSFT: + 1.8%) to commercialize electric vehicles with autopilot function.
    • Lithium Americas (LAC: + 30.6%) has been cleared by the Bureau of Land Management to mine lithium in Nevada.

    Today, global stock markets are showing mixed dynamics. The news background is mostly calm. Investors are focusing on the inauguration of Joe Biden, who will become the 46th President of the United States. In the first hours and days as head of state, Biden plans to repeal a number of Donald Trump’s decrees related to climate policy, immigration, and a number of other aspects. What really matters for the stock market will be decisions related to the fight against COVID-19. It is expected that Biden will oblige citizens to wear masks on federal sites and establish additional sanitary rules. In the first 100 days of his term, the new head of state expects that 100 million people will be vaccinated against the coronavirus. Investors will watch to see how successfully this plan is implemented.

    The epidemiological situation in the United States is gradually improving, which has a positive effect on the mood of market participants. The number of patients hospitalized with coronavirus infection fell to 123.8 thousand from a historical high of 132.5 thousand, reached two weeks earlier. Probably, the peak loads on US hospitals have been left behind. In the near future, volatility across sectors and industries will increase due to the publication of quarterly reports. Investor expectations are generally positive, but management’s forecasts for 2021 will be critical.

    Meanwhile, the Freedom Finance Sentiment Index climbed to 58 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are weakening thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still prone to short-term consolidation. On the eve of the broader market index showed a sharp rebound from the level of 3750 points, signaling the continued strength of buyers. Technical indicators are a mixed bag. In case of confident overcoming of the historical maximum at 3827 points, the S&P 500 will continue its upward movement within the equidistant channel.

    Today Top Movers

    BEST Inc (BEST), a trucking company, soared about 12.20% ‎at $2.30 in pre-market ‎trading Wednesday on a possible deal with Alibaba Group. ‎ ‎‎

    ‎Aikido Pharma Inc (AIKI) share price jumped 15.45% to $1.27 during early morning ‎trading session on ‎Wednesday.‎‎‎ ‎‎

    ‎PC-Tel Inc (PCTI) stock ascended 26.58% at $11.24 in the pre-market trading today after declaring a development partnership with Zeem Solutions.‎‎ ‎‎

    ‎Sundial Growers Inc (SNDL) gained over 2.90% at $0.71 in pre-market ‎trading on Wednesday.‎‎

    Top Upgrades & Downgrades

    UBS turned bullish on Netflix Inc. (NFLX), upgrading the stock to “Buy” and assigning a $650.0 price target, representing potential upside of 29.54% from Tuesday’s close.

    The Boeing Company (BA) has won the favor of Berenberg’s equity research team. The firm upgraded the shares from Sell to Hold and moved their price target to $215.0, suggesting 2.06% additional upside for the stock.

    Polaris Inc. (PII) received an upgrade from analysts at BMO Capital, who also set their one-year price target on the stock to $136. They changed their rating on PII to Outperform from Market Perform in a recently issued research note.

    Earlier Wednesday BTIG reduced its rating on Beyond Meat Inc. (BYND) stock to Neutral from Buy.

    Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Global Blood Therapeutics Inc. (GBT) has been changed to Neutral from Overweight and the new price target is set at $50.

    Analysts at Piper Sandler downgraded ShockWave Medical Inc. (SWAV)’s stock to Neutral from Overweight Wednesday.

    Latest Insider Activity

    IHS Markit Ltd. (INFO) EVP, CFO Gear Jonathan announced the sale of shares taking place on Jan 19 at $87.50 for some 4,000 shares. The total came to more than $0.35 million.

    Teladoc Health Inc. (TDOC) Head of Research & Development WANG YULUN sold on Jan 14 a total of 243,768 shares at $226.66 on average. The insider’s sale generated proceeds of almost $1.81 million.

    Orgenesis Inc. (ORGS) Director SIDRANSKY DAVID declared the purchase of shares taking place on May 20 at $6.98 for some 10 shares. The transaction amount was around $70.

    Old Republic International Corporation (ORI) Director KOVALESKI CHARLES J bought on Jan 13 a total of 10,346 shares at $18.74 on average. The purchase cost the insider an estimated $4,685.

    Important Earnings

    Top US earnings releases scheduled for today include Morgan Stanley (NYSE: MS). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.27 per share from revenues of $11.54B in the three-month period.

    Analysts expect U.S. Bancorp (NYSE: USB) to report a net income (adjusted) of $0.95 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $5.82B.

    Kinder Morgan Inc. (KMI), due to announce earnings after the market closes today, is expected to report earnings of $0.24 per share from revenues of $3.05B recently concluded three-month period.

  • ‎26 stocks making the biggest moves premarket today

    ‎26 stocks making the biggest moves premarket today

    ‎Mereo BioPharma Group plc (MREO) stock plunged -7.78% to $3.32 in the pre-‎market trading after declaring collaboration and license agreement with Ultragenyx Pharmaceutical ‎Inc. (RARE), for Setrusumab in Osteogenesis Imperfecta.‎

    ‎Naked Brand Group Limited (NASDAQ: NAKD) shares are trading up ‎‎11.45% ‎at ‎‎$0.2044 at the time of writing. Company’s 52-week ranged between $0.07 to $3.70.‎

    ‎Exela Technologies Inc. (XELA) is down more than -9.79% at $0.4128 in pre-market ‎hours Monday December 21, 2020 following the announcement from the firm that it has entered into ‎a 5-year, $145 million term loan facility with Angelo Gordon, a global alternative investment firm. The ‎stock had jumped over 26.10% to $0.46 in the last trading session.‎

    ‎Zomedica Corp. (ZOM) tumbled over -5.22% at $0.1959 in pre-market trading today.‎

    Before the trading started on December 21, 2020, BlackBerry Limited (BB) is down -‎‎3.17% to reach $6.73 after releasing financial results for the three months ended November 30, 2020. It ‎has been trading in a 52-week range of $2.70 to $9.69.‎

    ‎General Electric Company (GE), a Specialty Industrial Machinery company, dropped ‎about -6.11% at $10.15 in pre-market trading Monday after announcing expiration and results of its ‎debt tender offers.‎

    ‎Phunware Inc. (PHUN) lost over -10.38% at $0.95 in pre-‎‎market ‎trading ‎Monday ‎December 21, 2020.‎

    ‎American Airlines Group Inc. (AAL) lost over -7.03% at $15.35 in pre-market trading ‎Monday December 21, 2020.‎

    Before the trading started on December 21, 2020, Carnival Corporation & Plc (CCL) is ‎down -9.79% to reach $19.36. It has been trading in a 52-week range of $7.80 to $51.94.‎

    ‎FuelCell Energy Inc. (FCEL) stock moved down -4.3 percent to $8.9 in the pre-‎market trading after declaring that state regulators have improperly rescinded RFP awards for three ‎fuel cell projects previously selected in the Shared Clean Energy Facility program, putting its state high ‎tech manufacturing job growth at risk.‎

    ‎Exicure Inc. (XCUR) stock soared 7.04% to $2.13 in the pre-‎‎market ‎trading. ‎The ‎most ‎recent rating by BMO Capital Markets, on December 18, 2020, is ‎an ‎Outperform.‎

    ‎Genius Brands International Inc. (GNUS), a Entertainment company, rose about ‎‎3.18% at $1.62 in pre-market trading Monday. The firm recently revealed that it has licensed streaming ‎and select video-on-demand rights to the hit family series, The Wubbulous World of Dr. Seuss (20 x ‎‎22’), from The Jim Henson Company on Kartoon Channel!‎

    ‎SolarWinds Corporation (NYSE: SWI) shares are trading ‎up ‎‎6.7% ‎at ‎‎$15.13 ‎at ‎the ‎time of writing. Company’s 52-week ranged between $11.50 ‎to ‎‎$24.34. ‎Analysts ‎have ‎a ‎consensus ‎price target of $26. ‎

    ‎Norwegian Cruise Line Holdings Ltd. (NCLH) lost over -10.01% at $22.66 in pre-‎market trading Monday December 21, 2020 after reporting that it has closed its previously announced ‎private offering of $850 million aggregate principal amount of its 5.875% senior notes due 2026 (the ‎‎“Notes”).‎

    Before the trading started on December 21, 2020, Nokia Corporation (NOK) is down ‎‎-5.25% to reach $3.79. The company recently declared that it has launched 5G services with Polkomtel, ‎operator of the Plus network, in the capital city of Warsaw as well as other major cities in the eastern ‎part of the country. It has been trading in a 52-week range of $2.34 to $5.14.‎

    ‎Corbus Pharmaceuticals Holdings Inc. (CRBP) is up more than 12.0% at $1.68 in pre-‎‎‎‎‎‎‎‎market hours Monday December 21, 2020. The stock had jumped ‎over ‎‎11.11% ‎to ‎‎$1.50 ‎in ‎the ‎last ‎trading session.‎

    ‎Schlumberger Limited (NYSE: SLB) shares are trading down -6.95% at $20.76 at the ‎time of writing. The firm will hold a conference call on January 22, 2021 to discuss the results for the ‎fourth quarter and full year ending December 31, 2020. Company’s 52-week ranged between $11.87 to ‎‎$41.14.‎

    ‎Exxon Mobil Corporation (NYSE: XOM) shares are trading down -5.27% ‎at ‎‎$40.48 ‎at ‎the time of writing. Company’s 52-week ranged between $30.11 to $71.37. Analysts ‎have ‎a ‎consensus ‎price target of $52.‎

    ‎Transocean Ltd. (RIG) is down more than -14.92% at $2.11 in pre-market hours ‎Monday December 21, 2020 after announcing successful court ruling granting its motion for summary ‎judgment and holding internal reorganization did not violate indenture. The stock had dropped over -‎‎3.50% to $2.48 in the last trading session.‎

    ‎Simon Property Group Inc. (SPG) tumbled over -5.07% at $81.1 in pre-market ‎trading today. The firm recently declared a common stock dividend for the fourth quarter 2020.‎
    ‎
    ‎Energy Transfer LP (ET), a Oil & Gas Midstream company, dropped about -‎‎‎‎5.9% ‎at ‎‎$6.38 in pre-market trading Monday.‎

    ‎Cinedigm Corp. (CIDM) stock moved up 4.11 percent to $0.798 in the pre-market ‎trading after revealing the launch of The Bob Ross Channel on the Roku platform.‎

    Before the trading started on December 21, 2020, Coty Inc. (COTY) is down -6.15% ‎to reach $6.56. The company lately reported two additions to its Board of Directors with the ‎appointments of Anna Adeola Makanju and Mariasun Aramburuzabala Larregui. It has been trading in ‎a 52-week range of $2.65 to $13.01.‎

    ‎JPMorgan Chase & Co. (JPM) gained over 2.24% at $121.75 in pre-‎‎‎‎market ‎trading ‎Monday December 21, 2020. ‎

    ‎Apache Corporation (NASDAQ: APA) shares are trading down -11.29% at $13.6 at ‎the time of writing after announcing the donation of more than 64,000 trees to 56 nonprofit partner ‎organizations through the annual Apache Tree Grant Program. Company’s 52-week ranged between ‎‎$3.80 to $33.77. Analysts have a consensus price target of $16.‎

  • 32 Stocks Making Sharp Moves in Pre Market Session

    32 Stocks Making Sharp Moves in Pre Market Session

    Sundial Growers Inc. (SNDL) stock soared 1.72% to $0.5088 in the pre-market trading after declaring $50 million prepayment on senior secured non-revolving term credit facility. The most recent rating by CIBC, on August 17, 2020, is a Neutral.

    FuelCell Energy Inc. (FCEL) is up more than 2.09% at $8.31 in pre-market hours Wednesday December 16, 2020. The stock had jumped over 5.71% to $8.14 in the last trading session.

    BioCardia Inc. (NASDAQ: BCDA) shares are trading up 5.22% at $7.05 at the time of writing after reporting that it has entered into definitive agreements with investors for the purchase and sale of 1,789,474 shares of its common stock at a purchase price of $4.75 per share Company’s 52-week ranged between $1.91 to $6.95.

    Before the trading started on December 16, 2020, MicroVision Inc. (MVIS) is down -1.9% to reach $4.13. It has been trading in a 52-week range of $0.15 to $3.45.

    Apartment Investment and Management Company (AIV) tumbled over -6.75% at $4.7 in pre-market trading today following completion of separation of Apartment Income REIT Corp.

    Before the trading started on December 16, 2020, GeoVax Labs Inc. (GOVX) is down -7.86% to reach $3.4. It has been trading in a 52-week range of $2.30 to $60.00.

    Anchiano Therapeutics Ltd. (ANCN), a Biotechnology company, dropped about -7.99% at $2.65 in pre-market trading Wednesday after the company and and Chemomab Ltd. declared their entry into a definitive merger agreement.

    BEST Inc. (NYSE: BEST) shares are trading up 3.29% at $2.2 at the time of writing. Company’s 52-week ranged between $2.36 to $6.54. Analysts have a consensus price target of $3.50.

    Veru Inc. (VERU) stock moved down -7.5 percent to $8.63 in the pre-market trading. The company lately reported positive Phase 2 clinical trial results for Enobosarm.

    Northern Dynasty Minerals Ltd. (NAK) is up more than 3.67% at $0.325 in pre-market hours Wednesday December 16, 2020. The stock had dropped over -4.74% to $0.31 in the last trading session.

    Moderna Inc. (MRNA) stock plunged -3.33% to $142.32 in the pre-market trading. The company recently confirmed supply agreement with the Ministry of Health to supply Singapore with mRNA vaccine against COVID-19 (mRNA-1273). The most recent rating by Needham, on December 09, 2020, is a Hold.

    Before the trading started on December 16, 2020, Teligent Inc. (TLGT) is up 2.2% to reach $0.93. It has been trading in a 52-week range of $0.46 to $6.46.

    HEXO Corp. (HEXO), a Drug Manufacturers – Specialty & Generic company, rose about 2.75% at $1.12 in pre-market trading Wednesday. The firm recently revealed it first quarter fiscal 2021 financial results.

    Gevo Inc. (NASDAQ: GEVO) shares are trading up 4.74% at $1.99 at the time of writing. Company’s 52-week ranged between $0.46 to $2.91.

    Timber Pharmaceuticals Inc. (TMBR) stock moved down -0.97 percent to $1.02 in the pre-market trading after receiving notice of allowance from U.S. Patent and Trademark Office for Lead Asset TMB-001.

    Baidu Inc. (BIDU) is up more than 4.33% at $193.53 in pre-market hours Wednesday December 16, 2020. The stock had jumped over 13.83% to $185.50 in the last trading session.

    Aurora Cannabis Inc. (ACB) gained over 1.76% at $10.39 in pre-market trading Wednesday December 16, 2020 after provided a business update.

    Velodyne Lidar Inc. (VLDR) stock soared 3.91% to $20.2 in the pre-market trading after declaring a sales agreement for Alpha Prime sensors with May Mobility, a pioneer in autonomous vehicle (AV) technology. The most recent rating by Needham, on December 15, 2020, is a Buy.

    Before the trading started on December 16, 2020, Nikola Corporation (NKLA) is up 3.64% to reach $17.08. It has been trading in a 52-week range of $10.29 to $93.99.

    PG&E Corporation (NYSE: PCG) shares are trading up 2.87% at $12.55 at the time of writing after paying over $268 million in property taxes to 50 California counties. Company’s 52-week ranged between $6.25 to $18.34. Analysts have a consensus price target of $15.

    SELLAS Life Sciences Group Inc. (SLS) tumbled over -3.72% at $6.99 in pre-market trading today. The firm recently reported the pricing of $16.2 million registered direct offering.

    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -1.66% at $0.4795 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.

    Qualigen Therapeutics Inc. (QLGN), a Biotechnology company, rose about 1.23% at $4.12 in pre-market trading Wednesday following its announcement of issuance of U.S. Patent for expanded applications of ALAN Anticancer Platform Technology.

    Concord Medical Services Holdings Limited (CCM) lost over -30.32% at $3.7 in pre-market trading Wednesday December 16, 2020.

    Aphria Inc. (APHA) grew over 11.45% at $9.05 in pre-market trading today following its declaration of definitive agreement with Tilray, Inc. (TLRY), to combine their businesses and create the world’s largest global cannabis company.

    Before the trading started on December 16, 2020, Hecla Mining Company (HL) is up 5.9% to reach $5.74. It has been trading in a 52-week range of $1.40 to $6.79.

    Twitter Inc. (TWTR), a Internet Content & Information company, rose about 3.1% at $54.46 in pre-market trading Wednesday after the declaration from the Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (AMZN), that Twitter (TWTR) has selected AWS to provide global cloud infrastructure to deliver Twitter timelines.

    Torchlight Energy Resources Inc. (TRCH) stock plunged -4.63% to $0.5332 in the pre-market trading. The most recent rating by ROTH Capital, on March 13, 2020, is a Neutral.

    Arvinas Inc. (ARVN) is up more than 1.41% at $75.3 in pre-market hours Wednesday December 16, 2020 after reporting the pricing of an underwritten public offering of 5,714,286 shares of its common stock at a price of $70.00 per share, before underwriting discounts and commissions.

    Cinedigm Corp. (CIDM) stock plunged -0.54% to $0.84 in the pre-market trading. The most recent rating by The Benchmark Company, on July 07, 2020, is a Speculative buy.

    PDL BioPharma Inc. (PDLI) grew over 6.59% at $2.75 in pre-market trading today. The company recently reported that it has entered into a Capital Provision Agreement with Epps Investments LLC.

    vTv Therapeutics Inc. (VTVT) is down more than -31.99% at $2.02 in pre-market hours Wednesday December 16, 2020 after revealing that the Phase 2 Elevage study of azeliragon in people with mild Alzheimer’s disease and type 2 diabetes did not meet its primary objective of demonstrating an improvement in cognition as assessed by the 14-item Alzheimer’s Disease Assessment Scale – Cognitive Subscale (ADAS-cog14) relative to placebo.