STOCKS TELEGRAPH

Tag: Inc.

  • Why NetSol Technologies (NASDAQ: NTWK) Stock Is Trading Higher Today?

    Why NetSol Technologies (NASDAQ: NTWK) Stock Is Trading Higher Today?

    NetSol Technologies, Inc. (NASDAQ: NTWK) has successfully executed its NFS Ascent Retail Platform for a tier-one German auto captive finance company in China. Earlier, NetSol has been chosen as the vendor of choice after a strict evaluation process. This is the second phase of a $30 million contract with an auto captive finance company to deployed its NFS Ascent platform.

    NETSOL has successfully executed phase one of the deployment of NFS Ascent Wholesale Finance Solution (WFS). This platform is comprised of a Contract Management System (CMS) and Propriety Loan Origination System (LOS). This platform is capable of supporting the contract management system while obeying all the regulatory requirements.

    NETSOL has been chosen because of its good reputation. It has a history of successfully executing these types of projects earlier. This is the major five-year project for NETSOL and it will play a positive role in the future growth of the company.

    The NFS suite was selected for its specific applications directed to the Chinese market as well as its concurrence with various regulations set out by the People’s Bank of China (PBOC) and other industry governing bodies.

    NetSol Technologies has built this Ascent to help auto, equipment, and finance companies to operate its retail and wholesale business with ease. It has been built with cutting edge technology. This platform is built to support companies’ growth in terms of business volume and transactions.

    NetSol Technologies, Inc. (NASDAQ: NTWK) shares were trading up -5.04% at $10.00% at the time of writing on Wednesday. NetSol Technologies, Inc. (NTWK) share price went from a low point around $2.00 to briefly over $5.85 in the past 52 weeks, though shares have since pulled back to $3.13. NTWK market cap has remained high, hitting $33.80 Million at the time of writing.

     

  • 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.

  • Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics Reports Data On STI-1499 And STI-2020 Neutralizing Antibodies Against SARS-CoV-2

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) announced today the result of COVI-GUARD™ (STI-1499) and COVI-AMG™ (STI-2020) neutralizing antibodies (nAbs) against SARS-CoV-2. Both the STI-1499 and STI-2020 antibodies have shown the neutralizing activities against SARS-CoV-2 virus infection in preclinical models.

    STI-1499 neutralizing antibody has earlier received the green signal from the FDA in the Phase 1 clinical trial in hospitalized COVID-19 patients. While the STI-2020 is a matured version of the COVI-GUARD neutralizing antibody and has shown a greater than 50-fold increase in potency in Invitro experiments. Both the neutralizing antibodies have demonstrated 100% In vitro neutralization of SARS-CoV-2.

    STI-1499 and STI-2020 nAb has shown the promising result in the pre-clinical studies. Hamsters that are infected with coronavirus when received the single dose of STI-2020 have gained within 48 hours after the injection of neutralizing antibodies. It has been disclosed that the 500 µg single dose of STI-2020 injected in hamsters in the preclinical studies would be equivalent to a human dose of less than 100 mg of antibody.

    As compared to other medical treatment for SAR-CoV-2, this antibody has shown very promising results at a low dose. Therefore, it is considered that the COVI-AMG could potentially be injected as a simple and rapid injection to treat COVID-19 patients. The company has earlier received FDA authorization for STI-1499 to treat hospitalization COVID-19 patient and the company is planning to submit IND for STI-2020 soon.

    Sorrento Therapeutics has also reported the positive Phase 1b trial data of resiniferatoxin (RTX). The data revealed that the RTX has not shown any negative safety signal as of September. The Phase 1b trial has been conducted to study the effectiveness of resiniferatoxin (RTX) for the treatment of moderate to severe pain due to osteoarthritis (OA) of the knee.

    The Phase 1b trial of RTX has shown the encouraging results and the company has now decided to start the Phase 2 clinical trial of an investigational drug product in 2020. It is expected that the Phase 3 clinical trial will start in 2021 after completing additional enabling preclinical studies.

    Sorrento Therapeutics, Inc. (NASDAQ: SRNE) shares were trading up 4.73% at $10.63 at the time of writing on Tuesday. Sorrento Therapeutics, Inc. share price went from a low point around $1.39 to briefly over $19.39 in the past 52 weeks. It has moved up 664.76% from its 52-weeks low and moved down -45.18% from its 52-weeks high. SRNE market cap has remained high, hitting $2.47 billion at the time of writing.

  • Darden Restaurants (NYSE: DRI) Announces Fiscal 2021 First Quarter Result

    Darden Restaurants (NYSE: DRI) Announces Fiscal 2021 First Quarter Result

    Darden Restaurants, Inc. (NYSE: DRI) shares went up 8.12% after it gains +7.31 on Thursday after the company has shared the financial results for the quarter ending August 30, 2020. The company has reported the quarterly earnings of $0.56 per share, surpassing the Zack Consensus Estimate of $0.05.

    Darden has recorded the sales of $1.53 billion, with a decrease of 28.4% driven by negative blended same-restaurant sales of 29.0%. If we look at the same-restaurants sales by segment, this company has reported the sales of 28.2% for Olive Garden, 39.1% for Fine Dining, 18.1% for longhorn steakhouse, 39.0% for other business.

    Darden Restaurants has recorded the diluted net earnings per share from continuing operations of $0.28 as compared to the diluted net earnings per share of $1.38.  Its Adjusted net earnings per share from continuing operations is $0.56 after excluding the $0.28 corporate restructuring cost. On the other hand, its reported diluted net earnings per share of $1.38.

    The company has improved its cash flow in the quarter as it repaid its $270 million term loan on August 10, 2020. Darden Restaurants now has access to $1.4 billion of liquidity with $655 million of cash on hand and $750 million available through its credit facility.

    Darden Restaurants gave the financial overview for the second quarter of fiscal 2021. It has estimated the total sales of approximately 82% of the previous year. EBITDA of $200 to $215 million. Diluted net earnings per share from continuing operations of $0.65 to $0.75.

    Darden Restaurants, Inc. (NYSE: DRI) shares traded up 8.12% at $97.31 during the trading session of Thursday. In the past 52-weeks of trading, this company’s share fluctuated between the low range of $26.15 and a high range of $124.01. It has moved up 272.12% from its 52-weeks low and moved down -21.53% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.60. This company market capitalization has remained high, hitting $12.89 billion at the time of writing.

    The owner of Olive Garden and LongHorn Steakhouse restaurant has disclosed that the sales dropped 28% across its chain through late August. The Darden has restarted the operations at limited locations the main focus of the company is outdoor dining. Management has positive views for the company’s growth with the improvement in cash flows. The improving financial result convinced executives to reinstate the quarterly dividend payment that Darden halted as the pandemic struck in early March.

     

     

     

  • ReTo Eco-Solutions (NASDAQ: RETO) Announces Construction Of Waste Treatment Center

    ReTo Eco-Solutions (NASDAQ: RETO) Announces Construction Of Waste Treatment Center

    ReTo Eco-Solutions, Inc. (NASDAQ: RETO) revealed its unit, Xinyi REIT New Material Co., Ltd. has started the manufacturing of the Waste Treatment Center of Xinyi City. ReTo aimed to resolve all the ecological issues and to provide technical expertise to customers so that they can attain their environmental goals.

    ReTo has previously signed a contract with the Municipal Government of Xinyi in 2019 for the construction of the urban waste treatment center but the construction was suspended because of the pandemic. After signing a 5-year construction deal, ReTo plans to enhance the process of recycling in the urban area of Xinyi City.

    Xinyi City is popular for its green development, economic strength, innovation, and investment capacity. Under the new development agreement, ReTo will combine its technologies expertise to recycle solid waste into useful products that are helpful for the residents. It is anticipated that the yearly processing volume of construction waste will surpass 600,000 tons.

    Share of ReTo Eco-Solutions Inc. (NASDAQ: RETO) rose 24.70% as it gained +0.15 on Friday. It had reported a trading volume of 30.96 million as compared to the average volume of 465.24K. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $0.30 and a high of $1.92. It had moved up 143.33% from its 52-weeks low and moved down -61.98% from its 52-weeks low. ReTo Eco holdings market capitalization remained high, hitting $16.61 million at the time of writing.

    ReTo is striving to help customers with its expertise and anticipate that the final product of the waste treatment center will be useful for road construction, municipal engineering, & other urban constructions. ReTo has earlier unveiled that it has completed the sewage treatment projects it was awarded in the Henan Province. ReTo received these projects because of its continuous success in similar projects and it has the technical expertise to complete these types of projects.

  • Here’s Why Peloton Interactive Inc. (NASDAQ: PTON) Stock Skyrocketed Today

    Peloton Interactive Inc. (NASDAQ: PTON), a provider of interactive fitness products is heading toward the new era of growth. The Goldman Sachs has uplifted the price target of Peloton Interactive from $84 to $96 on Wednesday, moving its shares to the record high-level and maintained a buy on Peloton.

    Heath Terry said that he believed that the fitness maker will beat the estimate of analysts and add new subscribers in Q4. Heath Terry forecasted that the Peloton will add 208,000 new subscribers while the Street is estimating that Peloton will add 199,000 new subscribers.

    Peloton Interactive Inc (NASDAQ: PTON) share price went from a low point around $17.70 to briefly over $77.46 in the past 52 weeks, though shares have since pulled back to $76.67. Peloton has gained +0.71 in the trading session on Monday. Peloton Interactive has traded up 33.16% from its 52-weeks low and traded down -1.01% from its 52-weeks high.

    Peloton has seen a sharp increase in the demands of its fitness services and products as customers now preferred to stay at home amid the COVID-19 pandemic. Peloton has made the addition of 176,600 paying subscribers in the Q3, representing the 64% YOY growth of the Company.

    Looking at its profitability, its return on investment (ROA) is 37.60%. Its Gross Margin is 44.90%. Moving towards its sales it has reported the sales of 1.44 billion. It had a trading volume of 15.74 million as compared to the average volume of roughly 7.64 million. Turing our focus on its liquidity, it has a current ratio of 3.30. Likewise, its quick ratio is 3.00. Peloton Interactive market capitalization has gained high, hitting $20.10 billion.

    Peloton Interactive, Inc. (PTON) was in 50 hedge funds’ portfolios at the end of June. The all-time high for these statistics is 48. The analyst also expected that the revenue will be $630.2 million in the QR of PTON. While Terry believes the revenue of PTON reaches $3.65 billion, $4.34 billion, and $6.03 billion over the next three FY respectively.