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Tag: DPW stock

  • Ault Global Holdings Inc (DPW) stock rebounds today; here’s why it happened

    Ault Global Holdings Inc (NYSE: DPW) stock last closed at $2.97 which is a 9.17% plunge in the stock price. However, the current session showed positivity in the DPW stock price by 1.68%.

    This upward movement in Ault Global Holdings Inc’s (DPW) stock price comes adjacent to the news announcement by the diversified holding company. The news states that DPW’s partner in the electronic business, Coolisys Technologies Corp. has received an offer $10.5 million purchase order.

    Ault Global Holdings, Inc. expands by acquiring businesses

    Ault Global Holdings, Inc. (DPW) is a diversified holding company founded in 1969. DPW expands its basis of operations by acquiring low-valued businesses and technology companies that are globally influential. Besides its strategy of expansion and acquisition, the company also works as a financial lending and aid company that extends loans to entrepreneurial businesses.

    Coolisys is the DPW acquired electronic business that provides project specific products for aerospace, industrial, healthcare, government and telecommunications market clients.

    Why the deal between Coolisys and iNet is significant?

    The $10.5 million purchase order received by Coolisys Tech Corp. (Coolisys) is specifically for the residential EV charging systems. The definitive agreement was made with Origin Micro and its subsidiary iNetSupply.com where 30,000 7kW Electric Vehicle chargers were agreed upon. The Purchase and Resale agreement will be based on a 3 year term.

    Furthermore, Coolisys has announced that it is positive about the prospects of selling accessories for the residential charging EV systems. iNet will acquire these accessories for an estimate of $1.5 million. Specifically these charging systems are able to be wall-mounted and the accessory that comes along with it is the adapter which allows the charging of Tesla vehicles as well.

    iNet itself is a leader in electronic product procurement/distribution and uses efficient traditional as well as e-commerce digital platform. Thanks to its vast supply chain network, the company consists of major well-known clients like Lenovo, Dell, Cisco, and HP.

    iNet plans to procure these wall-mounted residential EV chargers and make them available for preorder purchase at iNetSupply.com. Due to the company’s high well-known reputation for maintaining and delivering product integrity, it will have access to list these 7kW EV residential chargers on e-commerce platforms like Amazon.com, eBay.com and Newegg.com

    This deal is timely placed in this era of increased adoption of Electric Vehicles globally. This adoption can be assessed from the increased competitiveness in EV market due to entrance of newer companies.

    How is the overall outlook for DPW stock’s fundamentals?

    Overall, Ault Global Holdings, Inc (DPW) has been actively strategizing its expansion and investment in subsidiaries. On 12th March, 2021 DPW announced the investment in Alzamend Neuro which was valued at $10 million. This investment was based on the Biotech Company’s recent success in FDA approvals for its neurodegenerative drug treatment. These investments by the Holding company allow for it to reap the reward of progress and development in the fundamentals of invested firms. Eventually, the success of these invested companies lead to the increase in the stock value of DPW and attracts the attention of new investors.

  • Early Morning Vibes: 4 Best Stocks To Buy Today

    Early Morning Vibes: 4 Best Stocks To Buy Today

    Key US stock index futures rallied on Tuesday, indicating that US exchanges may continue to rally after hitting record highs on Monday. 

    Banknotes and Coins 

    The ruble is growing against the dollar during the day amid rising oil prices. Futures on the Dow Jones Industrial Average (DJIA) increased by 0.47%, to 30448.5 points, on the NASDAQ high-tech index – by 0.4%, to 128,834.25 points. Futures on the broad market index S&P 500 – by 0.46%, to 3744.62 points. The S&P 500 is up more than 15% this year, while the Nasdaq Composite is up more than 43% in 2020 alone. The weakest growth was shown by the DJIA – it was only 6%. 

    Trading volumes are usually lower in the last days of the year, when many people are already resting, which can reinforce market dynamics. 

    Investor optimism is also supported by domestic news. So, on Tuesday, the House of Representatives of the US Congress voted for the increase in compensation in connection with the coronavirus to $2,000 per person demanded by President Donald Trump, instead of the $600 specified by the previously approved economic aid package. The move comes after Trump signed a $900 billion congressional bailout package on Sunday after a multi-day delay. The President said that he is demanding from both houses of Congress to increase the amount of payments to $2,000 per person.

    Today Top Movers

    ‎‎Guardion Health Sciences Inc (GHSI)‎‎ share price is up 14.83% at $0.36 in premarket trading today after declariong the appointment of Bret Scholtes, a veteran of the nutritional products industry for nearly a decade, as its President and Chief Executive Officer, and as a member of the Board of Directors.

    ‎‎Opko Health Inc (OPK)‎‎ share price gaining 1.78% at $3.99 in today’s premarket trading session.

    ‎‎Sundial Growers Inc (SNDL)‎‎ share price is at $0.48, soaring 0.36% in early morning trading on Tuesday following an announcement of concentrates licence agreement with Simply Solventless.

    ‎‎IRIDEX Corporation (IRIX)‎‎ is increasing 31.95% of its share price at $3.14 in premarket trading on Tuesday.

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Continental Resources Inc. (CLR), upgrading the stock to “Overweight” and assigning a $20.0 price target.

    H.C. Wainwright turned bullish on Tenax Therapeutics Inc (NASDAQ: TENX), initiating the stock ‎at ‎‎“Buy” and assigning the target to $5, representing potential ‎downside ‎of 367.29% from Monday’s close. 

    H.C. Benchmark turned bullish on Porch Group Inc (PRCH), ‎initiating the stock ‎at ‎‎“Buy” and assigning the target to $24, representing ‎potential ‎downside ‎of 63.15% from Monday’s close.

    Earlier Tuesday RBC Capital reduced its rating on Aprea Therapeutics Inc. (APRE) stock to Sector Perform from Outperform and assigned the price target to $10.0. With shares trading at around $5.50, the Wall Street firm thinks Aprea Therapeutics Inc.’s stock could add than 72.35%. 

    Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Arcturus Therapeutics Holdings Inc. (ARCT) has been changed to Neutral from Outperform and the new price target is set at $69.0.

    Latest Insider Activity

    Moderna Inc. (MRNA) President Hoge Stephen announced the sale of shares taking place on Dec 24 at $125.17 for some 5,000 shares. The total came to more than $0.63 million.

    Immersion Corporation (IMMR) Director MARTIN WILLIAM C sold on Dec 24 a ‎total 3,779,801 shares at $9.00 on average. The insider’s sale generated proceeds of almost ‎‎$28206.

    DPW Holdings Inc. (DPW) Chairman and CEO AULT MILTON C III declared the purchase of shares taking place on Dec 23 at $3.84 for some 520 shares. The transaction amount was around $1995.

    Eos Energy Enterprises Inc. (EOSE) Director DIMITRIEF ALEXANDER bought on Dec 17 a total 20,000 shares at $14.57 on average. The purchase cost the insider an estimated $291,400.

  • 35 stocks making the biggest moves premarket today

    35 stocks making the biggest moves premarket today

    FuelCell Energy Inc. (FCEL) stock soared 4.75% to $10.15 in the pre-market trading. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.

    SCWorx Corp. (NASDAQ: WORX) shares are trading down -6.76% at $2.07 at the time of writing. Company’s 52-week ranged between $1.00 to $14.88.

    Nano Dimension Ltd. (NNDM) lost over -12.1% at $5.74 in pre-market trading Monday, November 30, 2020, after announcing that it has entered into definitive agreements with investors for the sale of 11,960,160 of the Company’s American Depositary Shares (“ADSs”) at a price of $5.00 per ADS pursuant to a registered direct offering.

    Moderna Inc. (MRNA) is up more than 9.38% at $138.95 in pre-market hours on Monday, November 30, 2020 after the firm today announced that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The data analysis indicates a vaccine efficacy of 94.1%. The stock had jumped over 16.35% to $127.03 in the last trading session.

    FreightCar America Inc. (NASDAQ: RAIL) shares are trading down -3.99% at $2.65 at the time of writing. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.

    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -3.25% at $27.09 in pre-market trading Monday. The firm recently declared that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations.

    Zomedica Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, dropped about -1.12% at $0.1324 in pre-market trading Monday.

    GameStop Corp. (GME) is up more than 4.1% at $16.74 in pre-market hours Monday November 30, 2020 after declaring 2020 cyber week deals. The stock had jumped over 9.02% to $16.08 in the last trading session. GameStop Announces 2020 Cyber Week Deals.

    Riot Blockchain Inc. (RIOT) grew over 8.64% at $6.79 in pre-market trading today.

    Verastem Inc. (VSTM) stock moved up 5.03 percent to $2.09 in the pre-market trading after reporting the initiation of a Phase 2 registration-directed clinical trial of VS-6766, its RAF/MEK inhibitor, and defactinib, its FAK inhibitor, in patients with recurrent low-grade serous ovarian cancer (LGSOC).

    Tuniu Corporation (TOUR) gained over 6.58% at $3.4 in pre-market trading on Monday, November 30, 2020. Before the trading started on November 30, 2020.

    Novavax Inc. (NVAX) is down -8.31% to reach $115.25 after providing an update on its COVID-19 vaccine program. NVX‑CoV2373 is a stable, prefusion protein antigen derived from the genetic sequence of the SARS-CoV-2 coronavirus spike (S) protein and adjuvanted with Novavax’ proprietary Matrix‑M™. It has been trading in a 52-week range of $3.65 to $189.40.

    Occidental Petroleum Corporation (NYSE: OXY) shares are trading down -2.36% at $16.17 at the time of writing. Company’s 52-week ranged between $8.52 to $47.58. Analysts have a consensus price target of $18.

    RMG Acquisition Corp. (RMG) stock soared 6.6% to $18.1 in the pre-market trading. The firm recently revealed that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.

    Uxin Limited (UXIN) stock soared 2.53% to $1.62 in the pre-market trading. The most recent rating by JP Morgan, on October 23, 2019, is a Neutral.

    ReneSola Ltd (NYSE: SOL) shares are trading up 8.02% at $8.08 at the time of writing. The technology company recently announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group. Company’s 52-week ranged between $0.85 to $5.67. Analysts have a consensus price target of $22.

    Kandi Technologies Group Inc. (KNDI) tumbled over -2.28% at $13.31 in pre-market trading today after CBAK Energy and Kandi Group signed a supply framework agreement.

    Vaxart Inc. (VXRT) is up more than 4.84% at $7.37 in pre-market hours on Monday, November 30, 2020. The stock had jumped over 9.84% to $7.03 in the last trading session. Before the trading started on November 30, 2020.

    Alibaba Group Holding Limited (BABA) is down -2.3% to reach $270.13. The internet retail company has been named a leader in Gartner’s 2020 Magic Quadrant for Cloud Database Management Systems. It has been trading in a 52-week range of $169.95 to $319.32.

    EyePoint Pharmaceuticals Inc. (EYPT) stock soared 1.97% to $0.55 in the pre-market trading. The most recent rating by B. Riley FBR, on April 06, 2020, is a Neutral.

    Canaan Inc. (NASDAQ: CAN) shares are trading down -7.83% at $5.3 at the time of writing after releasing its unaudited financial results for the three months ended September 30, 2020. Company’s 52-week ranged between $1.76 to $8.69.

    Heat Biologics Inc. (NASDAQ: HTBX) shares are trading down -0.88% at $1.13 at the time of writing. Company’s 52-week ranged between $0.19 to $4.30. Analysts have a consensus price target of $4.

    Yunji Inc. (YJ), an Internet Retail company, dropped about -7.35% at $3.53 in pre-market trading Monday. The firm recently declared its unaudited financial results for the third quarter ended September 30, 2020.

    India Globalization Capital Inc. (IGC) gained over 22.63% at $2.33 in pre-market trading Monday November 30, 2020.

    Oramed Pharmaceuticals Inc. (ORMP) stock moved up 38.65 percent to $6.17 in the pre-market trading. The healthcare firm recently reported that it has screened the first patients in its global Phase 3 trials of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D). Before the trading started on November 30, 2020.

    Schlumberger Limited (SLB) is down -2.06% to reach $21.43. It has been trading in a 52-week range of $11.87 to $41.14.

    Ocugen Inc. (OCGN) stock plunged -1.71% to $0.294 in the pre-market trading. The firm recently revealed that Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder of Ocugen, will speak on “The Promise of Cell & Gene Therapies: Regulatory and Reimbursement Roadblocks” at Xconomy’s Xcelerating Life Sciences New York & Philadelphia Virtual Event on December 3 at 10:30 a.m. Before the trading started on November 30, 2020.

    Gold Fields Limited (GFI) is down -2.52% to reach $8.5. It has been trading in a 52-week range of $3.79 to $14.90. Before the trading started on November 30, 2020.

    Marathon Patent Group Inc. (MARA) is up 15.65% to reach $4.95. It has been trading in a 52-week range of $0.35 to $6.05.

    Kingsoft Cloud Holdings Limited (KC) stock soared 5.13% to $43.69 in the pre-market trading after reporting that it will be included in the MSCI China Index, effective after the U.S. market close on November 30, 2020. The most recent rating by Goldman, on June 29, 2020, is a Buy.

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading up 5.26% at $0.8 at the time of writing. Company’s 52-week ranged between $0.54 to $3.50.

    Waitr Holdings Inc. (WTRH) stock moved down -1.46 percent to $3.38 in the pre-market trading.

    Hennessy Capital Acquisition Corp. IV (HCAC) gained over 9.0% at $13.69 in pre-market trading on Monday, November 30, 2020.

    Trevena Inc. (TRVN) stock plunged -4.67% to $2.45 in the pre-market trading. The most recent rating by Guggenheim, on September 14, 2020, is a Buy.

    Suncor Energy Inc. (NYSE: SU) shares are trading down -0.58% at $17.15 at the time of writing. The firm lately publicized that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada, and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021. Company’s 52-week ranged between $9.60 to $34.56.

  • 23 stocks making the biggest moves in the premarket today

    23 stocks making the biggest moves in the premarket today

    DPW Holdings Inc. (DPW) stock soared 2.5% to $7.37 in the pre-market trading after the company revealed that its power electronics business, Coolisys Technologies Corp., has established a program targeting both national and regional fast-food franchises to install the ACECool™ electric vehicle (“EV”) chargers as a part of a revenue sharing program.

    Naked Brand Group Limited (NASDAQ: NAKD) shares are trading up 9.19% at $0.2008 at the time of writing. Company’s 52-week ranged between $0.07 to $4.00.

    Ideanomics Inc. (IDEX) grew over 15.27% at $3.02 in pre-market trading today. The firm reported that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million.

    Sundial Growers Inc. (SNDL), a Drug Manufacturers – Specialty & Generic company, rose about 72.38% at $0.4151 in pre-market trading Tuesday. The company recently publicized that it will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020.

    Li Auto Inc. (NASDAQ: LI) shares are trading up 6.99% at $46.69 at the time of writing. Company’s 52-week ranged between $14.31 to $40.81. Analysts have a consensus price target of $45.60.

    Tantech Holdings Ltd (TANH) grew over 23.36% at $2.64 in pre-market trading today following the firm declared that it has entered into a securities purchase agreement with institutional investors to purchase approximately $10 million of its common shares and registered warrants to purchase common shares in a registered direct offering as well as unregistered warrants to purchase common shares in a concurrent private placement.

    Marathon Patent Group Inc. (MARA), a Capital Markets company, rose about 16.26% at $5.72 in pre-market trading Tuesday.

    Ayro Inc. (AYRO) lost over -5.75% at $9.99 in pre-market trading Tuesday November 24, 2020 after the firm revealed that it has entered into definitive agreements with Carnegie Hudson Resources, an investment arm of Wanxiang America, and several existing institutional investors.

    Carnival Corporation & Plc (CCL) is up more than 6.49% at $19.36 in pre-market hours Tuesday November 24, 2020 after the recent declaration that the company has closed its previously announced registered direct offering of 10.4 million shares of its common stock at a price of $17.59 per share to a holder of its 5.75% Convertible Senior Notes due 2023.  The stock had jumped over 4.66% to $18.18 in the last trading session.

    Before the trading started on November 24, 2020, Occidental Petroleum Corporation (OXY) is up 7.42% to reach $16.93. It has been trading in a 52-week range of $8.52 to $47.58.

    Fuel Tech Inc. (FTEK) stock soared 57.45% to $4.44 in the pre-market trading. The most recent rating by H.C. Wainwright, on March 13, 2020, is a Neutral.

    Kandi Technologies Group Inc. (NASDAQ: KNDI) shares are trading up 8.17% at $16.15 at the time of writing as the firm publicized that it closed the registered direct offering of 8,849,560 units (the “Units”) of its securities at a purchase price per Unit of $11.30 on November 23, 2020, as previously announced on November 20, 2020. Company’s 52-week ranged between $2.17 to $17.40.

    Tilray Inc. (TLRY) grew over 19.31% at $7.97 in pre-market trading today after company’s publication that it has entered into a privately negotiated exchange agreement with a certain holder of its 5.00% Convertible Senior Notes due 2023.

    Barrick Gold Corporation (GOLD), a Gold company, dropped about -2.67% at $22.62 in pre-market trading Tuesday after Loncor Resources provided an update on its exploration activities within the Ngayu greenstone belt, where the Company has a joint venture with Barrick Gold (DRC) Limited as well as its own majority-owned projects.

    Switchback Energy Acquisition Corporation (SBE) grew over 20.04% at $40.91 in pre-market trading today.

    iBio Inc. (IBIO), a Biotechnology company, dropped about -3.4% at $1.42 in pre-market trading Tuesday. The healthcare company recently reported that the United States Patent and Trademark Office has issued U.S. Patent No. 10,844,392, entitled “Materials and Methods for Producing Endostatin Fusion Polypeptides in Plant Cells,” which, amongst other claims, covers a novel expression cassette that enhances the yield of endostatin fragments and variants using iBio’s FastPharming® System.

    Ferroglobe PLC (GSM) stock moved down -13.67 percent to $1.2 in the pre-market trading after the firm declared results for the third quarter of 2020.

    Longview Acquisition Corp. (LGVW) stock soared 24.26% to $16.9 in the pre-market trading.

    Ocean Power Technologies Inc. (NASDAQ: OPTT) shares are trading up 43.32% at $3.11 at the time of writing after the firm proclaimed that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe. Company’s 52-week ranged between $0.33 to $3.72.

    Kosmos Energy Ltd. (KOS) grew over 8.95% at $2.07 in pre-market trading today.

    Before the trading started on November 24, 2020, Ballard Power Systems Inc. (BLDP) is down -3.75% to reach $20.77 following announcement of US$250 million bought deal offering of common shares by the company. It has been trading in a 52-week range of $5.50 to $21.61.

    Bloom Energy Corporation (BE) stock soared 8.61% to $23.98 in the pre-market trading. The most recent rating by Raymond James, on February 20, 2020, is a Mkt perform.

    Energous Corporation (WATT) stock soared 9.13% to $2.51 in the pre-market trading. The most recent rating by Ladenburg Thalmann, on May 01, 2019, is a Buy.

    Canaan Inc. (NASDAQ: CAN) shares are trading up 7.31% at $5.43 at the time of writing. The technology company recently told that it will release its third-quarter 2020 financial results before the market opens on Monday, November 30, 2020. The company’s 52-week ranged between $1.76 to $13.00.

  • DPW Holdings’ (DPW) Coolisys Technologies Launch New Hybrid AC And DC Electric Vehicle Charger

    DPW Holdings’ (DPW) Coolisys Technologies Launch New Hybrid AC And DC Electric Vehicle Charger

    DPW Holdings, Inc. (AMEX: DPW) disclosed today that its power electronic business, Coolisys Technologies Corp. has launched a new hybrid alternating current (AC) and direct current (DC) electric vehicle charger. The company aimed to address the expected rapid expansion of infrastructure required to support the broad adoption of electric vehicles globally by expanding its product line.

    The new hybrid EV charger gives flexibility as it will produce both AC and DC charge and is well-matched with the J1772, CCS1, and CHAdeMO standards. This new electric vehicle charger has the ability of multiple charging. It includes a level 2 AC charging plug, well-suited with the J1772 standard, and two-level 3 DC fast charging plugs well-matched with the CCS1 and CHAdeMO standards.

    This new hybrid configuration has the ability to charge any type of electrical vehicles including Ford, General Motors, Nissan, Toyota, Honda, Volkswagen, and even the Tesla vehicles with the help of a Tesla charging adapter. This is the greatest achievement of the company in the electrical equipment and parts industry.

    The new EV charger product line of Coolisys features a user-friendly interface showed on a large touchscreen, advanced user authentication, and offers wired or wireless connectivity for communication with a central office to enable charging status updates in addition to remote assistance and software updates.

    DPW Holdings, Inc. (AMEX: DPW) shares were trading up 13.64% at $2.25 at the time of writing on Friday. DPW Holdings, Inc. share price went from a low point around $0.53 to briefly over $6.55 in the past 52 weeks, though shares have since pulled back to $2.25. It has moved up 324.53% from its 52-weeks low and moved down -65.65% from its 52-weeks high. DPW market cap has remained high, hitting $25.66 million at the time of writing.

    DPW Holdings has earlier revealed that it is searching for the possibility of conducting public subscription rights. The Company is planning to offer any or all of the securities such as dividend-yielding preferred stock, common stock, and warrants to purchase common stock.