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Tag: MARA

  • Marathon Digital’s (MARA) Pre-market Rally Surprises Traders Amidst Meager Activity

    Marathon Digital Holdings, Inc. (NASDAQ: MARA) underwent a rather tepid performance last Friday, witnessing a marginal 0.2% decline. Yet, Monday’s dawn unveiled a different saga altogether, as MARA embarked on a spirited rally, surging by an impressive 7.3% during pre-market hours. However, a discerning eye notes the curious backdrop of this surge, characterized by notably subdued trading volume, hinting at a tale of limited player involvement in propelling the stock’s ascent.

    The Curious Surge

    The abrupt upswing in MARA’s pre-market valuation lacks the usual fanfare of concrete catalysts, leaving market observers somewhat perplexed.

    Absent tangible news to substantiate this surge, skepticism lurks in the shadows, as many ponder the possibility of an impending correction. Nevertheless, amidst the ambiguity, bullish sentiments prevail, as investors seize the moment to ride the wave of optimism surrounding Marathon Digital Holdings, Inc.

    Company Profile and Recent Financial Performance

    Marathon Digital Holdings, Inc. stands as a stalwart within the digital asset technology sphere, with a primary focus on cryptocurrency mining and blockchain endeavors. Reflecting the tumultuous tides of the cryptocurrency market, MARA’s stock performance mirrors this volatility, particularly amidst the fervor surrounding the impending Bitcoin halving event.

    The past week witnessed Marathon Digital Holdings, Inc. offering a glimpse into its fiscal health, with the announcement of unaudited revenue figures totaling $70.4 million for the fiscal year concluding on December 31, 2023. This marks a notable growth trajectory of 65.3% compared to the preceding fiscal period, propelled significantly by the company’s livestreaming ecommerce segment, which emerged as a cornerstone of its revenue stream.

    Anticipated Earnings and Investor Sentiment

    The investor community eagerly awaits the forthcoming earnings report from Marathon Digital Holdings, Inc., with analysts prognosticating earnings of $0.06 per share. Such a projection heralds an astonishing year-over-year growth spurt of 300%, showcasing the company’s promising trajectory.

    Conclusion

    Amidst the backdrop of MARA’s pre-market surge, characterized by subdued trading activity and a lack of concrete news catalysts, caution prevails among market participants. Yet, as anticipation mounts for the imminent earnings release, Marathon Digital Holdings, Inc. remains ensconced within the spotlight, navigating the volatile terrain of the cryptocurrency landscape with cautious optimism.

  • Marathon Digital Holdings, Inc (MARA) stock surged in pre-market. Here is why?

    The stock of Marathon Digital Holdings, Inc (MARA) closed the recent trading session on $23.51, gaining 10.84% from the previous trading session. The stock price kept gaining pre-market to $24.87, a gain of 4.38%. The gain in the stock price came because of the press release issued by the company on February 4, 2022, announcing the bitcoin production and mining for January 2022.

    Marathon Digital Holdings, Inc (MARA): Financials

    As of the fourth quarter of FY21, the revenue of Marathon Digital Holdings Inc was $51.70 million, and the gross profit was reported to be $41.44 million. Cash on hand was reported to be $189.1 million and the total liquidity of the company was reported to be $519.7 million. The earnings per share (EPS) was reported as $0.85 against the estimated value of $0.48, surprising by 77.08%.

    Operation updates:

    As per the press release by MARA, the YoY increase in bitcoin mining was reported to be 816%, producing 462.1 bitcoins during January 2022, against 50.4 bitcoins in January 2021. Marathon digital holdings of bitcoin are reported to be 8595 BTC, with a market value of about $330.6 million.

    32,710 miners have been effectively deployed, and therefore, the Company’s hash rate as of February 1, 2022, was roughly 3.6 EH/s.

    CEO remarks:

    The Chief Executive Officer (CEO) of Marathon Digital Holding Inc, Fred Thiel, said that during previous months, the production of bitcoin was affected by the power fluctuation at the Hardin power generating station. “While we keep on working with the power administrators in Hardin to resolve these issues, we accept our operations will turn out to be steadier as we speed up the deployments with Compute North,” he added.

    He further said that they accept that Marathon is exceptionally positioned inside the industry today, and they anticipate scaling their mining tasks to 199,000 miners and 23.3 Exahash for the next quarters.

    The Jefferies analyst initiated the stock rating to buy setting a target price to $51.

  • Marathon Digital Holdings Inc. (MARA) continues to Tumble PreMarket, Here’s Why

    Marathon Digital Holdings Inc. (MARA) continues to Tumble PreMarket, Here’s Why

    Marathon Digital Holdings Inc. (MARA) continues to fall premarket, reaching $51.90 against its last close at $55.40 on November 15. Intraday trading the stock plummeted 27.03%, followed by a further decrease of 6.32% premarket. The premarket fall volume was 189.2 thousand, against the previous day trading volume of 34.93 million during market hours. On the previous day, the stock traded between $54.65 and $73.50. The 52-week range for MARA varied between $2.33 and $83.45, at an average volume of 11.5 million (65-day avg.). MARA trades at a current market capital of $7.56 billion.

    Marathon Digital Holdings Inc. (MARA) is one of the largest Bitcoin self-mining companies in North America.

    Reasons behind MARA’s continued Fall

    Unsecured Convertible Debt Offering

    On November 15, MARA announced unsecured senior convertible debt offering.  The offering size was increased from previously announced $500,000,000 to $650,000,000. Upon complete subscription, this convertible debt offering could generate up to $575 million. While the proceeds are huge, but the fact that the offering was done through convertible debt offering and not share offering has put investors under distress. The sheer size of the offering can permanently change the capital structure of the company.

    Investigation over possible Violations

    While the debt offering had put the stock on a downtrend, it was further escalated by the new of the company being investigated over possible violations of federal securities laws. On November 16, early morning it Law offices of Howard G. Smith announced the investigation. Furthermore, MARA reported that the company received a subpoena from U.S Securities and Exchange Commission. The company was asked to deliver documents and communications regarding its Hardin, Montana data centre facility.

    Previously, MARA entered agreements with various parties for designing and building a 100-megawatts data centre in Hardin town. As part of the deal, the company issued 6 million restricted common shares. MARA’s Hardin facility is currently under investigation by the SEC.

    MARA’s Q3 Financial Highlights

    On November 10, 2021, Marathon Digital Holdings Inc. (MARA) announced its third quarter financial results. The Q3 2021 revenue increased to $51.7 million from $29.3 million in the previous quarter. The revenue showed an increase of 6,091% year over year from $835,000 in Q3 of 2020. Moreover, the non-GAAP net income was $85.4 million or $0.85 per diluted share.

    While MARA reported great Q3 financial results, the currents events of the company being under investigation and its convertible debt offering has put the stock in for a bleak future.

  • Marathon Digital Holdings Inc. (MARA) plunged in the pre-market; Here’s why

    Marathon Digital Holdings Inc. (MARA) plunged in the pre-market; Here’s why

    In the premarket, Marathon Digital Holdings Inc. (MARA) stock plunged by -4.87% to the price of $33.82 at the time of writing. MARA stock closed Monday’s session at $35.55 which is a -8.68% loss. The MARA stock volume traded is 28.4 million shares, while the average volume for the past 3 months is 26.50 million. In the last 12 months, MARA shares soared by 8262.74% and in the past week, the shares dropped by -29.00%.

    Marathon Digital Holdings’ digital mining background

    Marathon Digital Holdings is a business service company that is specifically focusing on the operations of digital asset technology. MARA stock mines cryptocurrencies. The company was founded in 2010 and has a headquarter in Las Vegas, Nevada. Marathon Digital Holdings was previously known as Marathon Patent Group Inc. but this name was changed to the current in February 2021 following the company’s digital asset operation’s initiation.

    Boom in the stock performance due to cryptocurrency

    Marathon Digital Holdings inc. has been seeing a boom in its stock performance in the month of March and the volatility has continued in the current month of April. The boom in stock performance has been resonated with the soaring of the cryptocurrencies’ prices in the month of March. The hike of MARA stock’s shares price climbed up to 59.3% gain in March. On 5th April, the price of the stock closed the highest $56.56 in the month, however, it has dropped down to $35.55 in yesterday’s closing.

    The stock performance is not entirely mimicking the volatility of the cryptocurrency, Marathon Digital Holdings Inc is making expansive operation moves; on the end of March, the company announced that it is launching the North America based first Bitcoin mining pool. This mining pool will be compliant to all U.S regulations. It will add new miners to the digital workforce in June 2021.

    Mining capacity expansion of Marathon Digital Holdings Inc.

    On 5th April, MARA stock updated its Bitcoin production and mining operation report for the first quarter of 2021. The update was overall positive with a doubling of the mining capacity since the start of the first quarter – This news led to the highest climb of $56.56 per share previously talked about. Here are the highlights of the first quarter mining operation update:

    • At the end of March, the Bitcoin holdings of MARA stock in total were 5,134.2 BTC worth $308 million.
    • Previously (Q4 2020) the company had 2600 Bitcoin mining systems, the company had 12900 mining systems by the first quarter of 2021.
    • MARA will expectingly install another 10300 mining systems by the first quarter of 2022.
    • Company mined 102.3 BTC in march and 196 BTC in total for the first quarter 21.

    The investment in the expansion of mining operations and the total Bitcoin holdings of Mara Digital Holdings Inc do suggest that it will gather substantial revenue and profits in the long term. However, the substantial profits and revenue due to the accelerated mining capacity is hinges on the growth of the cryptocurrency value.

  • Early Morning Vibes: Check Out These 4 hot Crypto Stocks Right Now

    Early Morning Vibes: Check Out These 4 hot Crypto Stocks Right Now

    On February 16, American stock exchanges finished trading in different directions. The S&P 500 index dropped by a symbolic 0.06%, to 3933 points, the NASDAQ lost 0.34%, and the Dow Jones added 0.20%. The news background remained calm, investors were waiting for President Biden’s speech on fiscal stimulus. The finance sector continued to rally and gained 1.77% on the back of higher Treasury yields. The energy sector rose 2.26% on the back of rising oil prices.

    Company news

    BorgWarner (BWA: + 4.3%) acquires 59% of German company Akasol to expand its vehicle electrification capabilities.

    Palantir Technologies (PLTR: -12.8%) unexpectedly posted negative EPS, although revenue exceeded consensus expectations.

    Chemicals manufacturer Ecolab (ECL: -4.1%) was below forecast. Management noted the negative effect of the COVID-19 factor.

    Today, global stock markets are showing mixed dynamics. Joe Biden made a speech on the fiscal stimulus package in Wisconsin the day before. The US President expressed his hope for a return to normal life by next Christmas and noted that by the end of July, the vaccines produced will be enough to vaccinate all Americans. The speech of the head of state did not contain new information on incentives, but he stressed the need to adopt a large anti-crisis program.

    Weather disasters in the form of extremely low temperatures, strong winds and snowfalls that have covered the southern and central states negatively affect production processes. For example, many automakers were forced to suspend the work of assembly lines. Such natural phenomena are of a short-term nature; therefore, they usually do not have a noticeable effect on the stock market. However, in the current environment, when the S&P 500 index is at a historic high, many positive factors have been taken into account in quotes, and a sharp rise in Treasury yields reduces the attractiveness of shares, any negative event can cause a desire to fix some positions. In this regard, a short-term correction looks more and more likely.

    The Freedom Finance Sentiment Index climbed to 78 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic are eased by the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still in an uptrend. Resistance near its upper boundary is still a significant obstacle. A breakthrough of resistance at 3950 points will mean an acceleration of the upward movement. On the eve of buyers tested this resistance, but could not overcome it. The RSI indicator is already close to the overbought level, so the upside potential in the short term is limited.

    Top Crypto Stocks‎

    Marathon Patent Group Inc (MARA) share price jumped 10.65% to $48.20 during early morning ‎trading session on ‎Wednesday.‎‎ The company is based in Nevada and is focused on Bitcoin mining.

    Airnet Technology Inc (ANTE) stock ascended 60% at $7.92 in the pre-‎market trading today.‎‎ ANTE announced giving Unistar Group Holdings Ltd a 19% stake in exchange for the delivery of 500 computer servers designed especially to mine cryptocurrencies.

    Riot Blockchain Inc (RIOT) gained over 15.29% at $68.60 in pre-market ‎trading on Wednesday.‎‎ Riot is based in Colorado and is primarily focused on Bitcoin mining.

    Sos Ltd (SOS) grew over 27.23% at $15.09 in pre-market trading ‎today.‎‎ SOS is an emerging blockchain-based and big data-driven marketing and solution provider. 

    Top Upgrades & Downgrades

    Goldman Sachs turned bullish on Palantir Technologies Inc. (PLTR), upgrading the stock to “Buy” and assigning a $34.0 price target, representing a potential upside of 22.17% from Tuesday’s close. 

    Rexnord Corporation (RXN) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $60.0, suggesting 33.01% additional upside for the stock. 

    Regal Beloit Corporation (RBC) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $155.0. They changed their rating on RBC to Overweight from Sector Weight in a recently issued research note. 

    Earlier Wednesday JPMorgan reduced its rating on bluebird bio Inc. (BLUE) stock to Neutral from Overweight and assigned the price target to $39. 

    Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Fortive Corporation (FTV) has been changed to Equal Weight from Overweight and the new price target is set at $75.

    Analysts at RBC Capital downgraded USA Compression Partners LP (USAC)’s stock to Sector Perform from Outperform Wednesday.

    Latest Insider Activity

    Micron Technology Inc. (MU) SVP, General Counsel&Secretary Poppen Joel L announced the sale of shares taking place on Feb 11 at $85.80 for some 4,984 shares. The total came to more than $0.43 million. 

    Square Inc. (SQ) Chief Financial Officer Ahuja Amrita sold on Feb 11 a total of 147,310 shares at $264.55 on average. The insider’s sale generated proceeds of almost $3.72 million. 

    Coty Inc. (COTY) Director Singer Robert S declared the purchase of shares taking place on Feb 11 at $6.63 for some 75,000 shares. The transaction amount was around $0.5 million.

    Important Earnings

    Top US earnings releases scheduled for today include Tilray Inc. (NASDAQ:TLRY). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.15 per share from revenues of $55.76M in the three-month period. 

    Analysts expect iQIYI Inc. (NASDAQ:IQ) to report a net income (adjusted) of -$0.38 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $1.16B. 

    Marathon Oil Corporation (MRO), due to announce earnings after the market closes today, is expected to report earnings of -$0.2 per share from revenues of $838.05M recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The session on February 8, American stock markets ended in the green zone. The S&P 500 index rose 0.74% to 3916 points, the Dow Jones rose 0.76% and the NASDAQ surged 0.57%. All three indices renewed their all-time highs. The growing prospects for a major economic support package in the US remain in focus. The energy sector climbed 4.17% on the back of an ongoing rally in oil. Increased risk appetite triggered a 0.78% correction in the defensive utility sector.

    Company news

    Children’s goods maker Hasbro (HAS: -4.3%) beat expectations, but management noted weak holiday sales.

    Palantir (PLTR: + 5.9%) announced a partnership with IBM (IBM: + 1.5%) to develop technology products.

    Tesla (TSLA: + 1.3%) invested $ 1.5 billion in bitcoin and announced that it will accept cryptocurrency as payment for electric cars.

    Today, global stock markets are showing mixed dynamics. Discussions on the fiscal stimulus package remain in the spotlight. The passage of a bill on public spending in the amount of about $ 1.9 trillion threatens to accelerate inflation. Some experts warn about this, in particular, former Treasury Secretary Larry Summers. Investors in the debt market are reacting to this risk, so the day before, the rate on 30-year Treasuries rose above 2% for the first time in a year. Rising bond rates could put pressure on the attractiveness of the stock market, primarily on growth stocks, of which tech companies are prime examples.

    The epidemiological situation in the United States continues to improve rapidly, despite the circulation of new strains of coronavirus. The number of hospitalized people dropped to 80 thousand, more than 10% of Americans have already received the first dose of the vaccine. However, the risk of another jump in the incidence remains, so the CDC is not yet recommending state authorities to remove the antiquated restrictions.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The session ended the day before at the upper trend line, which is still a significant obstacle. The S & P500 index recorded growth for the sixth session in a row, so short-term consolidation is likely.

    Today Top Movers

    Iterum Therapeutics PLC (ITRM) stock ascended 61.69% at $2.04 in the pre-market trading today.‎‎ Ra Capital Management reportedly disclosed ownership of 13,730,376 shares of Iterum Therapeutics plc by filing a 13G form with the Securities and Exchange Commission. 

    ‎Assertio Therapeutics Inc (ASRT) gained over 25.24% at $1.29 in pre-market ‎trading on Tuesday.‎‎ Assertio is a leading commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital and pain and inflammation. 

    ‎Aurora Mobile Ltd (JG) grew over 13.91% at $6.55 in pre-market trading ‎today following the receipt of the InfoQ 2020 Best Technology Community Award at the Developer Ecosystem Co-creation Program virtual conference, hosted by InfoQ.‎

    ‎Marathon Patent Group Inc (MARA) stock moved up 16.93 percent to $37.50 in the pre-market ‎trading.‎‎ MARA stock is rallying because of the spike in Bitcoin. Marathon Patent Group bills itself as one of the largest Bitcoin self-mining companies.

    Top Upgrades & Downgrades

    JP Morgan turned bullish on KKR Real Estate Finance Trust Inc. (KREF), upgrading the stock to “Overweight”.

    Twilio Inc. (TWLO) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $465.0, suggesting a 1.39% additional upside for the stock. 

    The Community Financial Corporation (TCFC) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $34.0. They changed their rating on TCFC to Overweight from Neutral in a recently issued research note. 

    Earlier Tuesday JP Morgan reduced its rating on Ladder Capital Corp (LADR) stock to Underweight from Neutral and assigned the price target to $10. 

    Needham analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cubic Corporation (CUB) has been changed to Hold from Buy.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, Computing & Graphics Bergman Rick announced the sale of shares taking place on Feb 04 at $88.29 for some 2,000 shares. The total came to more than $0.18 million. 

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark sold on Feb 05 a total of 44,750 shares at $267.92 on average. The insider’s sale generated proceeds of almost $11.99 million. 

    Accuray Incorporated (ARAY) Director WHITTERS JOSEPH E declared the purchase of shares taking place on Feb 01 at $5.02 for some 20,000 shares. The transaction amount was around $0.1 million. 

    Consolidated Edison Inc. (ED) President & CEO CET Nachmias Stuart bought on Jan 31 a total 1,078 shares at $70.78 on average. The purchase cost the insider an estimated $667.

    Important Earnings

    Top US earnings releases scheduled for today include Cisco Systems Inc. (NASDAQ: CSCO). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.76 per share from revenues of $11.92B in the three-month period. 

    Analysts expect Isoray Inc. (AMEX: ISR) to report a net income (adjusted) of -$0.01 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.39M. 

    Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.31 per share from revenues of $1.19B recently concluded three-month period.

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

    American stock markets ended trading largely in the green zone on January 13. The S&P 500 index improved to 3810 points by 0.23 percent, the NASDAQ gained 0.43 percent, the Dow Jones fell by a symbolic 0.03 percent.  In general, cyclical sectors seemed lower than the economy. The automotive and raw materials markets sunk. The oil and processing industries have dropped by 1.05%. In terms of trends during the last month, the real estate market gained 1.39 percent, but still ranks among the laggards.

    Company news

    Intel (INTC: + 7%) announced its CEO change. Beginning February 15, Bob Swan will be replaced by CEO of VMware (VMW: -6.8%).

    Retailer Target (TGT: -1.2%) reported strong sales during the holiday period, but expectations were high and saw stocks up 15% over the month.

    Alibaba (BABA: + 4.3%) gained support as the US government is unlikely to exclude the company’s securities from circulation on the NYSE.

    Mixed patterns are visible in global capital markets. The news would not carry new activity motors, investors wait to see until the beginning of the quarterly reporting season. President-elect Joe Biden today will deliver a $2 trillion rescue plan. There is also some insecurity regarding the proposals to boost the economy, such that the emergence of information raises market instability which may increase investor confidence.

    Yesterday, the House of Representatives of the United States voted to challenge Donald Trump, where the Democrats planned to achieve a clear majority. In expectation of new drivers, investors will be involved in the speech by FRS President Jerome Powell, who is speaking today on the possibility of modifying the programme for quantitative easing.

    Economic news

    Today, there are weekly data on the number of initial applications for unemployment benefits (forecast: growth to 795 thousand from 787 thousand a week earlier). The latest labor market report released on January 8 showed significant job losses in December. Labor market weakness will persist in the short term.

    Delta Airlines (DAL) will report for the fourth quarter. The consensus foresees a 67% decline in airline revenue to $ 3.77 billion. Delta CEO Ed Bastian said in early December that demand for flights was slowing down on the back of rising incidence of COVID-19.

    Sentiment Index

    The Freedom Finance Sentiment Index remained stable at about 58 out of 100. The measure represents market participants’ hope that the global economy will rebound in 2021. The possibility of widespread vaccination alleviates anxiety about the detrimental consequences of the coronavirus pandemic.

    Technical picture

    Technically, the S&P 500 is still prone to short-term consolidation, during yesterday’s session the situation has not changed. Buyers are showing strength, but the RSI remains close to the overbought zone, limiting growth prospects for now. In addition, in the area of ​​3825-3830 points, there is a strong resistance in the form of the upper border of the equidistant channel, which the broad market index needs to overcome to continue the upward movement.

    Today Top Movers

    Marathon Patent Group Inc (MARA), a digital asset technology company, ascended about 7.30% ‎at $24.68 in pre-market trading Thursday after the company declared a $250 million stock offering.‎

    Churchill Capital IV Corp (CCIV) share price gained 13.04% to $18.90 during the early morning ‎trading session on Thursday.‎‎

    Organogenesis Holdings Inc (ORGO) stock soared 38.96% at $10.20 in the pre-market trading today after reporting preliminary financial results for the three months and twelve months ended December 31, 2020.‎

    Polarityte Inc (PTE) jumped over 28.70% at $1.48 in pre-market ‎trading on Thursday following the declaration of a $10.0 million registered direct offering.‎

    Latest Insider Activity

    General Motors Company (GM) Executive Vice President & CIO MOTT RANDALL D announced the sale of shares taking place on Jan 12 at $48.01 for some 25,000 shares. The total came to more than $1.2 million. 

    Cinedigm Corp. (CIDM) Director Xu Peixin sold on Dec 31 a total 30,812,133 shares at $0.61 on average. The insider’s sale generated proceeds of almost $2.36 million. 

    Root Inc. (ROOT) 10% Owner Malka Meyer declared the purchase of shares taking place on Dec 30 at $16.55 for some 753,976 shares. The transaction amount was around $12.48 million. 

    Cerecor Inc. (CERC) Director ARMISTICE CAPITAL, LLC bought on Jan 08 a total 32,634,285 shares at $2.60 on average. The purchase cost the insider an estimated $6.5 million.

    Important Earnings

    Top US earnings releases scheduled for today include Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.94 per share from revenues of $12.91B in the three-month period. 

    Analysts expect Delta Air Lines Inc. (NYSE: DAL) to report a net income (adjusted) of -$2.51 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.6B. 

    Progress Software Corporation (PRGS), due to announce earnings after the market closes today, is expected to report earnings of $0.77 per share from revenues of $128.01M recently concluded three-month period.

  • 24 stocks making the biggest moves premarket today

    24 stocks making the biggest moves premarket today

    ‎Bionano Genomics Inc. (BNGO) stock soared 55.84% to $4.8 in the pre-‎market trading. The company recently granted 180-day extension by Nasdaq to regain ‎compliance with bid price rule. The most recent rating by Ladenburg Thalmann, on September ‎‎24, 2020, is a Buy.‎

    ‎Jaguar Health Inc. (JAGX) grew over 14.11% at $0.93 in pre-market trading ‎today.‎

    ‎Castor Maritime Inc. (NASDAQ: CTRM) shares are trading up 5.41% at $0.195 ‎at the time of writing after revealing the pricing of $18.0 million registered direct offering. ‎Company’s 52-week ranged between $0.11 to $2.60.‎

    ‎Bit Digital Inc. (BTBT), a Software – Application company, rose about 18.3% at ‎‎$25.92 ‎in pre-market trading Monday.‎

    ‎Canaan Inc. (CAN) stock moved up 18.72 percent to $7.04 in the pre-market ‎trading.‎

    ‎Ebang International Holdings Inc. (EBON) stock soared 25.7% to $7.63 in the ‎pre-market trading after declared that the Company expects to commence public testing of its ‎cryptocurrency exchange and officially launch the exchange in the first quarter of 2021.‎

    ‎Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading up 7.18% at $18.21 ‎at the time of writing. Company’s 52-week ranged between $0.51 to $18.16.‎

    ‎Marathon Patent Group Inc. (MARA) stock moved up 10.92 percent to $11.58 ‎in the pre-market trading following the declaration from the firm that that it has successfully ‎completed its $200 million shelf offering by utilizing its at-the-market (ATM) facility. ‎

    ‎Seanergy Maritime Holdings Corp. (SHIP) lost over -2.7% at $0.5231 in pre-‎market trading Monday January 04, 2021.‎

    ‎Li Auto Inc. (LI) gained over 4.68% at $30.18 in pre-market ‎trading ‎Monday ‎January ‎‎04, 2021 after reporting that the Company delivered 6,126 Li ONEs in ‎December ‎‎2020, ‎representing an ‎increase of 31.9% month-over-month and 529.6% year-over-‎year. ‎

    ‎Gevo Inc. (GEVO) grew over 10.12% at $4.68 in pre-market trading today.‎

    Before the trading started on January 04, 2021, Kinross Gold Corporation ‎‎(KGC) is up 4.9% to reach $7.7. It has been trading in a 52-week range of $2.72 to ‎‎$10.31.‎

    ‎Ocugen Inc. (OCGN), a Biotechnology company, rose about 125.14% at $4.12 ‎in pre-‎‎‎‎market trading Monday.‎

    ‎Color Star Technology Co. Ltd. (CSCW) stock plunged -9.79% to $0.6351 in the ‎pre-market trading. The company recently revealed strategic partnership with two UAE ‎companies. ‎

    ‎Avinger Inc. (AVGR) is up more than 8.16% at $0.476 in pre-market hours ‎Monday ‎January 04, 2021. The stock had dropped over -6.86% to $0.44 in the last trading ‎session.‎

    ‎Harmony Gold Mining Company Limited (HMY) stock soared 9.19% to $5.11 ‎in ‎the ‎pre-market trading. The most recent rating by JP Morgan, on February 21, 2019, is an ‎Overweight.‎

    ‎PEDEVCO Corp. (PED) is down more than -5.3% at $1.43 in pre-‎‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 20.80% to $1.51 in the last ‎trading ‎session.‎

    ‎Orbital Energy Group Inc. (NASDAQ: OEG) shares are trading up 5.02% at ‎‎$2.3 at ‎the ‎time of writing after pricing $10 million registered direct offering. Company’s 52-‎week ranged ‎between ‎‎$0.45 to $2.80.‎

    ‎Aethlon Medical Inc. (AEMD) is down more than -6.88% at $2.3 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 19.32% to $2.47 in the last ‎trading session.‎

    Before the trading started on January 04, 2021, Invitae Corporation (NVTA) is ‎up 4.31% to reach $43.61. The company recently revealed that Sean George, co-founder and ‎chief executive officer of Invitae, will present at the 39th Annual J.P. Morgan Healthcare ‎Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. It has been ‎trading in a 52-week range of $7.41 to $61.59.‎

    ‎Hall of Fame Resort & Entertainment Company (HOFV), a ‎Entertainment ‎company, ‎rose about 31.71% at $1.62 in pre-market trading Monday.‎

    ‎T2 Biosystems Inc. (TTOO) is down more than -3.23% at $1.2 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had dropped over -0.80% to $1.24 in the last ‎trading session.‎

    ‎Clearside Biomedical Inc. (NASDAQ: CLSD) shares are trading up 7.66% ‎at ‎‎$2.95 ‎at ‎the time of writing. Company’s 52-week ranged between $1.10 to $4.13. Analysts ‎have ‎a ‎consensus ‎price target of $8.‎

    ‎Teligent Inc. (NASDAQ: TLGT) shares are trading down -5.13% at $0.7115 at ‎the time of writing after declaring its financial results for the third quarter ended September ‎‎30, 2020. Company’s 52-week ranged between $0.46 to $6.46. Analysts have a consensus price ‎target of $2.‎

  • 26 stocks trending in pre-market

    ‎Bionano Genomics Inc. (BNGO) stock soared 13.81% to $2.39 in the pre-‎market ‎trading following an announcement from the firm that Nasdaq has granted the Company an ‎additional ‎‎180-day compliance period, or until June 28, 2021. The most recent rating by Ladenburg ‎Thalmann, on ‎September 24, 2020, is a Buy. ‎

    Before the trading started on December 31, 2020, fuboTV Inc. (FUBO) is down -‎‎‎2.43% to reach $32.5. It has been trading in a 52-week range of $5.00 to $62.29.‎

    ‎Guardion Health Sciences Inc. (NASDAQ: GHSI) shares are trading down -10.77% ‎at ‎‎$0.5247 at the time of writing. The firm lately revealed the appointment of Bret Scholtes as ‎its ‎President and Chief Executive Officer, and as a member of the Board of Directors. Company’s 52-‎week ‎ranged between $0.17 to $0.74.‎

    ‎Nxt-ID Inc. (NXTD) stock soared 7.1% to $1.81 in the pre-market trading. ‎The ‎most ‎recent rating by Maxim Group, on November 20, 2017, is a Buy.‎

    ‎Castor Maritime Inc. (CTRM) grew over 41.75% at $0.33 in pre-market trading ‎today ‎after receiving 180-day extension from Nasdaq to meet Nasdaq minimum bid price rule. ‎

    ‎Net Element Inc. (NASDAQ: NETE) shares are trading down -5.21% at $15.45 at ‎the ‎time of writing. Company’s 52-week ranged between $1.47 to $20.08. ‎

    ‎Sundial Growers Inc. (SNDL) stock moved down -1.36 percent to $0.4784 in the pre-‎‎market trading following the declaration from the company that it has closed the acquisition of ‎a ‎special purpose vehicle. ‎

    ‎Professional Diversity Network Inc. (IPDN) gained over 14.96% at $3.15 in pre-‎‎market trading Thursday December 31, 2020 after the firm revealed its partnership with ‎Phala ‎Network.‎

    ‎Marathon Patent Group Inc. (MARA) is up more than 7.63% at $11.71 in pre-‎market ‎hours Thursday December 31, 2020. The company recently revealed that it has entered into a ‎contract ‎with Bitmain to purchase 70,000 Antminer S-19 ASIC miners. The stock had dropped over -‎‎7.48% to ‎‎$10.88 in the last trading session.‎

    ‎Riot Blockchain Inc. (RIOT), a Software – Application company, rose about ‎‎4.92% ‎at ‎‎$18.11 in pre-market trading Thursday.‎

    ‎Nano Dimension Ltd. (NNDM) stock moved up 2.09 percent to $9.75 in the pre-‎‎market trading after closing $250 million registered direct offering.‎

    ‎AIkido Pharma Inc. (AIKI) gained over 33.72% at $1.15 in pre-‎‎market ‎trading ‎Thursday December 31, 2020.‎

    ‎Color Star Technology Co. Ltd. (NASDAQ: CSCW) shares are trading down -4.38% ‎at ‎‎$0.8032 at the time of writing after declaring strategic partnership with two UAE ‎companies. ‎Company’s 52-week ranged between $0.31 to $2.06.‎

    ‎IMAC Holdings Inc. (IMAC) stock moved down -4.08 percent to $1.41 in the pre-‎‎market trading after reporting completion of first infusion of Stem Cells in clinical study for ‎the ‎treatment of Bradykinesia due to Parkinson’s disease.‎

    ‎Ampio Pharmaceuticals Inc. (AMPE) stock soared 12.84% to $1.67 in the pre-‎market ‎trading. The firm recently revealed that it has received guidance from the U.S Food & ‎Drug ‎Administration regarding the impact of COVID-19 on its Phase III clinical trial for osteoarthritis of ‎the ‎knee. The most recent rating by ROTH Capital, on December 19, 2019, is a Buy.‎

    ‎Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares are trading up 5.76% ‎at ‎‎$49.4 at the time of writing after the company announced that it would develop a therapeutic spray ‎as ‎a candidate to treat the hereditary lung and digestive-system disease cystic fibrosis. Company’s 52-‎‎week ranged between $8.51 to $129.71. Analysts have a consensus price target of $69. ‎

    Before the trading started on December 31, 2020, Baidu Inc. (BIDU) is up ‎‎3.53% ‎to ‎reach $227.38. It has been trading in a 52-week range of $82.00 to $202.79.‎

    ‎Greenpro Capital Corp. (GRNQ) is up more than 3.11% at $1.99 in pre-market ‎hours ‎Thursday December 31, 2020. The company lately revealed that it intends to set up a Bitcoin ‎‎($BTC) ‎Fund for investment. The stock had jumped over 3.76% to $1.93 in the last trading session.‎

    ‎Onconova Therapeutics Inc. (ONTX) is down more than -3.79% at $0.49 in pre-‎‎market hours Thursday December 31, 2020. The stock had jumped over 18.88% to $0.51 in the ‎last ‎trading session.‎

    ‎JinkoSolar Holding Co. Ltd. (JKS) grew over 2.28% at $65.55 in pre-market ‎trading ‎today. The firm recently revealed annual general meeting 2020 ‎results.‎

    ‎Tonix Pharmaceuticals Holding Corp. (TNXP) lost over -2.76% at $0.6632 in pre-‎‎market trading Thursday December 31, 2020.‎

    ‎Osmotica Pharmaceuticals plc (OSMT) stock moved down -2.13 percent to $4.14 ‎in ‎the pre-market trading after declaring that the U.S. Food and Drug Administration (FDA) has ‎declined ‎to approve one of its products. ‎

    ‎Cinedigm Corp. (CIDM) is down more than -0.69% at $0.62 in pre-‎market ‎hours ‎Thursday December 31, 2020. The stock had dropped over -9.51% to $0.62 in the last ‎trading ‎session.‎

    ‎Novan Inc. (NOVN), a Biotechnology company, dropped about -7.71% at $0.969 ‎in ‎pre-market trading Thursday.‎

    Before the trading started on December 31, 2020, Canaan Inc. (CAN) is ‎up ‎‎25.57% ‎to ‎reach $5.5. It has been trading in a 52-week range of $1.76 to $8.69.‎

    ‎500.com Limited (WBAI) gained over 5.12% at $8.0 in pre-market trading ‎Thursday ‎December 31, 2020. The company recently declared that Mr. Zhaofu Tian has resigned as ‎Chief ‎Technology Officer of the Company due to personal reasons.‎

  • 23 Stocks Making Sharp Moves in Pre Market Session

    23 Stocks Making Sharp Moves in Pre Market Session

    ‎Bionano Genomics Inc. (BNGO) stock soared 46.62% to $1.95 in the pre-‎market ‎trading after reporting that Praxis Genomics, LLC received accreditation from the College of ‎American ‎Pathologists (CAP). The most recent rating by Ladenburg Thalmann, on September 24, 2020, ‎is a Buy.‎

    ‎Tenax Therapeutics Inc. (NASDAQ: TENX) shares are trading down -7.07% at $1.84 ‎at ‎the time of writing. Company’s 52-week ranged between $0.25 to $2.68.‎

    ‎Ideanomics Inc. (IDEX) stock soared 2.87% to $2.15 in the pre-market trading. ‎The ‎company recently revealed that its Mobile Energy Global (“MEG”) and its contracting entity ‎Qingdao ‎Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between ‎BYD and ‎Didi, to purchase an initial 2,000 units of model BYD D1. ‎

    ‎Oxbridge Re Holdings Limited (OXBR) stock moved down -6.83 percent to $1.91 ‎in ‎the pre-market trading.‎

    ‎Guardion Health Sciences Inc. (NASDAQ: GHSI) shares are trading up 12.48% ‎at ‎‎$0.4289 at the time of writing. The firm lately declared the appointment of seasoned ‎nutritional ‎products industry leader Bret Scholtes as President and Chief Executive Officer. Company’s ‎‎52-week ‎ranged between $0.17 to $0.74.‎

    ‎Gevo Inc. (GEVO) is down more than -4.76% at $4.4 in pre-market ‎hours ‎Wednesday December 30, 2020. The stock had dropped over -4.15% to $4.62 in the last ‎trading ‎session.‎

    ‎Universal Security Instruments Inc. (UUU) stock moved up 5.0 percent to $5.25 ‎in ‎the pre-market trading following its statement regarding recent market activity in the ‎Company’s ‎stock.‎

    ‎Marathon Patent Group Inc. (MARA) gained over 10.03% at $12.94 in pre-‎market ‎trading Wednesday December 30, 2020. The company recently reported that it has entered ‎into a ‎contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.‎

    Before the trading started on December 30, 2020, Ocugen Inc. (OCGN) is down -‎‎‎7.83% to reach $2.0. It has been trading in a 52-week range of $0.17 to $3.05.‎

    Before the trading started on December 30, 2020, Moderna Inc. (MRNA) is ‎up ‎‎3.59% to reach $118.5 following the declaration from the company that the it is engaged in ‎discussions ‎with the government of South Korea to potentially provide 40 million or more doses of the ‎Moderna ‎COVID-19 Vaccine to support South Korea’s aim of providing vaccines to the public as soon as ‎possible. ‎It has been trading in a 52-week range of $17.68 to $178.50.‎

    ‎Riot Blockchain Inc. (RIOT) stock soared 6.02% to $16.74 in the pre-market trading.‎

    ‎Technical Communications Corporation (NASDAQ: TCCO) shares are trading down -‎‎‎16.78% at $4.76 at the time of writing after declaring its results for the fiscal year ended September ‎‎26, ‎‎2020. Company’s 52-week ranged between $1.72 to $7.00.‎

    ‎Tonix Pharmaceuticals Holding Corp. (TNXP) is up more than 2.21% at $0.6695 ‎in ‎pre-market hours Wednesday December 30, 2020. The stock had dropped over -6.16% to $0.65 in ‎the ‎last trading session.‎

    ‎AstraZeneca PLC (AZN) gained over 2.26% at $51.03 in pre-market ‎trading ‎Wednesday December 30, 2020 after receiving approval of its coronavirus vaccine in U.K.‎

    ‎New Concept Energy Inc. (AMEX: GBR) shares are trading down -14.75% at $2.08 ‎at ‎the time of writing. Company’s 52-week ranged between $0.55 to $2.19.‎

    ‎Moleculin Biotech Inc. (MBRX) stock plunged -1.67% to $0.8279 in the pre-‎market ‎trading after declaring that that the US Food and Drug Administration (FDA) has granted ‎Orphan Drug ‎Designation (ODD) to Annamycin for treatment of soft tissue sarcomas.‎

    ‎MoSys Inc. (MOSY), a Semiconductors company, dropped about -13.22% at $2.1 ‎in ‎pre-market trading Wednesday.‎

    Before the trading started on December 30, 2020, Greenpro Capital Corp. (GRNQ) ‎is ‎down -2.15% to reach $1.82. The company lately revealed that it intends to set up a Bitcoin ‎‎($BTC) ‎Fund for investment. It has been trading in a 52-week range of $0.21 to $3.12.‎

    ‎Nxt-ID Inc. (NXTD) gained over 9.92% at $1.44 in pre-market trading ‎Wednesday ‎December 30, 2020.‎

    ‎Hepion Pharmaceuticals Inc. (HEPA) gained over 50.0% at $3.12 in pre-‎market ‎trading Wednesday December 30, 2020 after declaring positive top line data for low dose ‎CRV431 in ‎Phase 2a ‘AMBITION’ clinical trial for treatment of Advanced NASH.‎

    ‎XPeng Inc. (XPEV) is up more than 3.13% at $42.85 in pre-market hours ‎Wednesday ‎December 30, 2020. The stock had jumped over 9.31% to $41.55 in the last trading session.‎

    ‎BioNTech SE (BNTX) is up more than 3.5% at $91.37 in pre-market hours ‎Wednesday ‎December 30, 2020 following declaration from the financial magazine Caixin that Shanghai ‎Fosun ‎Pharmaceutical Group will set up a joint venture with BioNTech to produce COVID-19 vaccines in ‎China. ‎The stock had jumped over 0.19% to $88.28 in the last trading session.‎

    Before the trading started on December 30, 2020, Bit Digital Inc. (BTBT) is up ‎‎14.58% ‎to reach $12.1. It has been trading in a 52-week range of $0.28 to $12.45.‎