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Tag: NASDAQ: MDGS

  • Medigus Ltd. (NASDAQ: MDGS) signed a joint venture with EMuze founders to create and commercialize EV-based micro-mobility vehicles

    Medigus Ltd. (NASDAQ: MDGS) signed a joint venture with EMuze founders to create and commercialize EV-based micro-mobility vehicles

    Medigus Ltd. (NASDAQ: MDGS) has revealed its plan to join the electric charging markets for electric cars. Medigus has signed a non-binding cooperation agreement with the owners of EMuze (a private firm that designs and builds micro-mobility EV’s) to invest in a joint venture, NewCo, to sell micro-mobility EV automobiles for individual urban use last mile’ and delivery of goods.

    Furthermore, Mr. Alon Davidi was named by Medigus as a special advisor for the electric car and charging market. Mr. Davidi currently serves as General Motors’ system lead, overseeing Low-Velocity Maneuvering (LVM) production.

    The ability to run complete days on a single charge, hard duty design appropriate for robust service, customized mission-specific models, Hop on – Hop off modes, off-road models available, and low running costs defines the uniqueness of EMuze’s EVs.

    With Ningbo, Beijing Shen Jian Machinery Technology, which produces high-end scooters, e-mobility, and skiing equipment, EMuze has already signed a production agreement. Ningbo is provided with specialized machines for machining and inspection, an R&D facility, and a training institute. Ningbo will obtain the first distribution rights for NewCo products as part of the deal.

    If the MOU becomes final, Medigus will initially own 19.99 percent of NewCo’s share capital on a completely diluted basis with an initial investment of US$250,000 and may raise its shares to up to 50.1 percent by spending up to an additional US$1,100,000 according to NewCo’s achievement of the MOU thresholds.

    On November 19, 2020, Medigus Ltd. (NASDAQ: MDGS) stock soared 22.28% to finish at 2.47. A stock of tech firms involved in advanced medical solutions and innovative technology had a volume of 35.18 million in contrast with an average volume of 4.16 million.

     

     

  • Medigus’ (NASDAQ: MDGS) ScoutCam Reports Success Of HD Micro Video Camera

    Medigus’ (NASDAQ: MDGS) ScoutCam Reports Success Of HD Micro Video Camera

    Medigus Ltd. (NASDAQ: MDGS) has announced Friday the success of its micro ScoutCam 8.0 HD in NASA’s third Robotic Refueling Mission. Medigus’s subsidiary ScoutCam Inc. is the leading developer and manufacturer of customized visual solutions. ScoutCam’s HD Micro Video Camera has achieved success in the third Robotic Refueling Mission (RRM3) of NASA, which was officially used in-orbit on October 19th-22st, 2020.

    Micro ScoutCam 8.0 HD includes one module comprised of HD cameras and illumination.  It was custom developed for NASA between 2015 and 2016 will serve on  Visual Inspection Poseable Invertebrate Robot 2 (VIPIR2) of NASA. VIPIR2 is the robotic tool that was launched to the International Space Station on December 5, 2018.

    Robotic Refueling Mission (RRM3) develops on the first two stages of International Space Station technology experiments that analyzed tools, technologies, and techniques to refuel and repair satellites in orbit. The second phase of the Robotic Refueling Mission used micro ScoutCam 1.2. It is the first generation of the company’s minuscule video camera.

    Medigus Ltd. (NASDAQ: MDGS) shares were trading up 17.71% at $2.81 at the time of writing on Friday. Medigus Ltd. (MDGS) share price went from a low point around $0.83 to briefly over $5.15 in the past 52 weeks. MDGS has a trading volume of 5.19 million as compared to the average volume of 4.41 million.  It has moved up 238.94% from its 52-weeks low and moved down -45.37% from its 52-weeks high. MDGS market cap has remained high, hitting $18.30 million at the time of writing.

    The company has announced that it’s a great achievement that micro ScoutCam 8.0 HD was proven to be very useful in the Robotic Refueling Mission of NASA. Medigus always aimed to provide cutting-edge technology to its customers and provide them a frictionless experience.

  • Medigus Ltd. (NASDAQ: MDGS) Increases Stake In Gix Internet

    Medigus Ltd. (NASDAQ: MDGS) Increases Stake In Gix Internet

    Medigus Ltd. (NASDAQ: MDGS), an Israel-based medical devices company has announced today that it has decided to increase its holding in leading Internet Company Gix. After increasing its stake in Gix, Medigus Ltd will hold approximately 33% in Gix and will become its largest stakeholder.

    Gix Internet Ltd. is a leading company in MarTech Solutions with a market capitalization of $10 million as of October 14, 2020. Gix Internet has reported the $18.5 million in revenue in the second quarter of 2020. This company is best known for providing its technologies over the internet on leading platforms including Apple, Verizon media group, and Google.

    Currently, this company is offering two major services. The first one is the distribution of free-of-charge desktop apps and browser add-ons to end-users. It also earns revenues from advertisements and Gix Content, a solution platform for publishers, personalized content ads, and banners per users’ preferences, based on Gix’s proprietary AI technologies.

    Medigus Ltd. (NASDAQ: MDGS) shares traded up 2.08% as it gained +0.06 during the trading session of Wednesday. It has a closing price of $2.95. In the past 52-weeks of trading, this company has recorded the 52-weeks low range of $0.83 and a high range of $5.15. Medigus has moved up 255.42% from its 52-weeks low and moved down -42.72% from its 52-weeks high. It had a trading volume of 3.19 million as compared to the average volume of 4.34 million. This company market capitalization has remained high, hitting $22.13 million at the time of writing.

    Medigus will use its right to convert its Linkury shares into ordinary shares of Gix Internet following the Securities Purchase Agreement between Medigus Ltd, Gix Internet Ltd, f/ k/a Algomizer Limited, and Linkury Ltd, on June 19, 2019. Medigus currently has the ownership of 793,448 Linkury Shares. As per the agreement, all of 793,448 Linkury Shares will be converted to 9,858,698 Ordinary Shares of Gix Internet.

  • Why Medigus Ltd (NASDAQ: MDGS) Stock Is Skyrocketing Today?

    Why Medigus Ltd (NASDAQ: MDGS) Stock Is Skyrocketing Today?

    Share of Medigus Ltd. (NASDAQ: MDGS) soared 65.61% on Tuesday after the company disclosed that it was informed by Smart Repair Pro, Inc. that it has received the approval of Amazon for the opening of its stores in five leading countries including France, Spain, Germany, Italy, and the UK. Smart Repair Pro is the data-driven e-commerce company that is currently operating in Amazon’s marketplace.

    Medigus, medical devices company has earlier announced that it has entered into the e-commerce business by signing the contract with Smart Repair Pro, Inc. and Purex, Inc. Medigus has bought the controlling interest in Smart Repair and Purex Inc. It has got the ownership of 50.01% of the issued and outstanding share capital of each of the companies. The closing of the agreement based on certain conditions.

    Medigus announced that it will invest $1,250,000 in the Companies, pay $150,000 in cash consideration to the current shareholders. It will issue $500,000 worth of restricted ADSs of Medigus to the current shareholders of such companies, with the value of restricted ADSs to be subject to downward adjustment based on the companies’ 2020 results.

    Shares of Medigus Ltd. (NASDAQ: MDGS) traded up 65.61% as it gained +1.24 on the trading session of Tuesday. It has a 52-weeks low range of $0.83 and a 52-weeks high range of $5.15. This company has traded up 277.11% from its 52-weeks low and moved down -39.22% from its 52-weeks high. This company has a total market capitalization of $14.48 million at the time of writing.

    Smart Repair Pro and Purex Inc. are currently engaged in the management of three successful brands on the Amazon marketplace. The e-commerce companies are offering a wide range of products to their customers. The initial information, these companies have provided to Medigus is that the revenue target of companies is approximately $3 million with a net profit of approximately 35% in 2020.

     

  • Stocks to Watch as Markets Rally to 5-weeks High on Stimulus Hopes

    Stocks to Watch as Markets Rally to 5-weeks High on Stimulus Hopes

    The equity markets are up this morning. The NASDAQ, the S&P 500, and the Dow are all at their highest levels in close to a month. This comes after renewed hopes of a stimulus deal between democrats and republicans to save the economy. The deal if agreed upon is likely to be actualized before Election Day.  The optimism around it has seen the markets rally despite worsening jobless numbers.

    The latest unemployment data shows that last week, the number of people filing for unemployment insurance benefits pushed through the 840k mark. Though the total numbers dipped from the 11 million high that was recorded in March at the height of the lockdowns, it still points to a relatively depressed economy. Optimism around an agreement increased after Nancy Pelosi met and discussed the package yesterday with Treasury Secretary Steven Mnuchin. Reports about the meeting state that Mnuchin stated that the President was much interested in reaching a deal.

    Analysts are looking forward to a deal, with Jeffrey Buchbinder of LPL Financial Equity stating that a deal would deliver a surprise to the markets in October. With optimism on the rise, there are stocks that are doing exceptionally well pre-market. Some of the biggest stock gainers this morning that could close the day in gains are as below:

    Medigus Ltd [NASDAQ: MDGS]

    Medigus is a top performer pre-market and is up by over 55% at the time of writing. This follows news that the company had entered into an e-commerce brand marketing on Amazon marketplace.  The company stated that it had entered into a definitive agreement to buy a majority stake in Smart Repair Pro Inc and Purex Inc.  These are data-driven eCommerce companies that run on the Amazon Marketplace. Under the deal, Medigus Ltd will have 50.01% in the two companies and will be paid for in cash and shares. Commenting on the development, Medigus CEO, Liron Carmel stated that the company was committed to growing its footprint in the eCommerce space.

    Pacific Drilling S.A. [NYSE: PACD]

    Pacific Drilling S.A. is another big gainer this morning and is up by over 15% pre-market. This is largely momentum-driven and follows the company’s announcement of strong Q2 results 4 days ago. The company reported that it had sales of $38.91 million and that earnings were up by 80.31% in the quarter.

    Sanchez Midstream Partners LP [NYSE: SNMP]

    Sanchez Midstream Partners LP is a top performer this afternoon and is up by over 200% this morning. This is largely a price action move and is backed by the improved sentiment in the overall market.