STOCKS TELEGRAPH

Tag: Technology

  • MingZhu Logistics Holdings Ltd. (YGMZ) Stock Experiences Minor Volatility Despite Promising MOU with Damo

    MingZhu Logistics Holdings Ltd. (YGMZ) stock prices were down by 2.99% as of the market closing on July 23rd, 2021, bringing the price per share down to USD$3.90. Subsequent current market fluctuations saw the stock rally by 1.02%, bringing it up to USD$3.94.

    YGMZ Stock MOU with Damo

    July 26th 2021 saw the company announce having entered into a non-binding memorandum of understanding (MOU). As per the agreement, Damo Electric Truck will set up a joint venture with Mingzhu, wherein DAMO will transfer all of its operating business and all developed intellectual property, as well as all IP currently being developed. YGMZ stock intends to further expand its network by deploying next-gen trucks. Among the network is coal transportation and container transportation within the Yantian International Container Terminals.

    About Damo

    YGMZ stock’s partner, DAMO, develops zero-emission automated trucks equipped with a single charge range of up to 2,000 km. A mix of AI, 5G, automated driving technology, battery technology, and micro-turbine generator technology make for cutting-edge technological development. The company boasts a highly efficient, cost-effective, and complete logistics solution. This solution serves to help customers reduce operating expenses by roughly 60%, while efficiency can be boosted by 200%.

    Expanded Opportunities for YGMZ Stock

    DAMO’s advanced battery solution facilitates overcoming some of the existing challenges faced by the electric truck sector with its combination with Autopilot. Signaling the success of its adoption of mature and road-tested driverless technology, DAMO has received orders of intent from customers across global markets. Recently, DAMO announced its series A funding, which was led by renowned investors and industry experts, which will help it to integrate EV-autonomous technology to the freight truck market.

    Scope of Collaboration

    YGMZ stock is set to revolutionize the market, while it enjoys a prime spot in the center of the market’s most rapidly expanding vector. The collaborative efforts of DAMO and YGMZ will serve to maintain a strong supply chain and hardware design control. The joint effort will see the company’s coordinate to create semi-trucks designed and built with integrated auto-grade components, as well as sensors to additionally foster reliability and effectiveness.

    Future Outlook for YGMZ

    Armed with an expansive new partnership opportunity, YGMZ stock is poised to capitalize on the expanded scope of the opportunities ahead of it. The company is keen to ensure the timely development, commercialization, and proliferation of their flagship offerings. Current and potential investors are keen to reap the increases in shareholder value resulting from the DAMO-YGMZ collaborations.

  • Cango Inc. (CANG) Stock Trending Lower Despite Promising Outlook of EV Sector as 5G Technology Gains Steam

    Despite endorsing the EV boom, Cango Inc. (CANG) stock prices were down 6.17% as of the market closing on July 23rd, 2021, bringing the price per share down to USD$4.41 at the end of the trading day. Subsequent premarket fluctuations saw the stock fall by another 0.45%, bringing it down to USD$4.39.

    History of Automotive Industry

    July 23rd, 2021 saw CANG stock issues its latest bi-monthly publishing about the automotive industry’s status quo, CANGO Auto View, which contained an article that divided the industry’s most recent 100-year history into four developmental stages. The first era resulted in luxury car brands that by now have developed an illustrious history; the second marked the industrialization of the assembly line and global proliferation of manufacturers, and the third era saw Toyota focus on the leanness from its predecessor era and address an energy crisis. The fourth and current era marks the rise of electric vehicles, focused on electrification, intelligence, connectivity, and shared mobility.

    CANG stock link with 5G Technology

    As 3G technology resulted in the rise of the PC Internet era, 4G resulted in the mobile Internet wave. The automotive industry will be at the forefront of the array of industries that 5G is set to revolutionize. 5G technology is under continuous development and is repeatedly hitting new milestones. The automotive industry is also motivated to push for the transition from traditional automotive to electric and non-fossil fuel vehicles.

    Scope of 5G Technology

    CANG stock expects the costs of single data unit transmission to be cut down substantially as a result of 5G technology powering a massively increased network capacity. Given how electric vehicles demonstrate a superiority over traditional models in terms of intelligence development, such as with short latency, the deployment of 5G technology is generating expectations of increased intelligence of new energy vehicles.

    EV Sector in China

    China is the largest market for the electrification of vehicles, with both government and consumer clients having a great need for environmental protection and air quality improvement. The country also owns the largest number of Internet of Vehicles companies, signaling their consumers’ high acceptance of the Internet. With the supply of related developers and engineers, the applicability of the Internet in the automotive industry is being explored.

    Future Outlook for CANG Stock

    Its most recent issue of CANGO Auto View does well to shed light on the promising scope of the effect of 5G technology on the automotive industry. The electric vehicle industry is set to explode following the proliferation of 5G as the new standard for connectivity. Investors are hopeful that management will continue to leverage the available resources to facilitate worthwhile increases in shareholder value.

  • LSB Industries, Inc. (LXU) Stock Soars Following Exchange Agreement with LSB Funding LLC

    LSB Industries, Inc. (LXU) Stock Soars Following Exchange Agreement with LSB Funding LLC

    LSB Industries, Inc. (LXU) stock prices were up a massive 31.98% some time after market trading commenced on July 20th, 2021, bringing the price per share up to USD$6.48 early on in the trading day.

    Agreement with LSB Funding

    July 20th, 2021 saw the company announce the signing of a definitive agreement with LSB Funding LLC, an affiliate of Eldridge. The agreement will see shares of LSB Series E-1 and Series F-1 being exchanged for shares of LXU common stock. As per the agreement, the closing of the transaction will see LXU exchange roughly USD$300 million worth of preferred stock that is held by Eldridge into the equivalent value of LXU common stock. The exchange has been priced at USD$6.16 per share, which is equal to the 30-day volume-weighted average price as of the date of the agreement. Furthermore, LXU shareholders as of the record date will be granted a special dividend in the form of 0.30 shares of LXU for each share owned.

    Advancing the Partnership

    The closing of the transaction will result in the elimination of the company’s current financial impact and repayment of accrued compounding preferred stock and future accruing dividends at 14.5%. This number is set to increase to 16% in April 2023, with the move continuing to unburden the company, thereby unlocking shareholder value

    LXU’s Expanded Scope

    The Special Committee, Board of Directors, and company management are confident that the transaction has the potential to lead to an upgrade in its rating, thereby allowing LXU to refinance its senior secures notes at a lower interest rate and on improved terms. This, in turn, will facilitate a reduction of the cash interest expense and overall cost of capital for the company.

    Benefits of the Collaboration

    The transaction also serves to improve the company’s financial flexibility, allowing it to allocate resources towards organic growth initiatives, including, but not limited to, growth in green ammonia and clean energy and accretive M&A opportunities. Furthermore, the company will see its substantial tax attributes be preserved, including roughly USD$620 million of federal net operating losses. This facilitates the protection of prospective significant future cash savings and shareholder value.

    Future Outlook for LXU

    Armed with a highly promising collaboration, the company is poised to capitalize on the massively expanded scope of business it finds at its disposal. Current and potential investors are hopeful that management will be able to leverage their resources to facilitate a continued trajectory of success and growth in equity value.

  • Infobird Co., Ltd. (IFBD) Stock Surges Following Successful Launch of Intelligent SaaS Solution for Leading Client

    Infobird Co., Ltd. (IFBD) Stock Surges Following Successful Launch of Intelligent SaaS Solution for Leading Client

    Infobird Co., Ltd. (IFBD) stock prices were up by 8.49% shortly after market trading commenced on July 20th 2021, bringing the price per share up to USD$3.45 early on in the trading day.

    IFBD’s SaaS Product

    July 20th 2021 saw the company announce the successful implementation of its proprietary Intelligent Quality Inspection SaaS with a leading Chinese Fintech company. The SaaS product has facilitated the realization of intelligent management and operation by IFBD’s client’s customer service platform. The Intelligent Quality Inspection SaaS also serves as the basis for further upgrading of the client’s customer service.

    Intelligent Quality Inspection

    The company has persisted in promoting the implementation of intelligent quality inspection across a myriad of market sectors over the past few years, serving to facilitate the expansion of the scope of application of intelligent quality inspection. Since its inception, Intelligent Quality Inspection has catered to financial, e-commerce, retail, and other industries. The standardized intelligent SaaS product will give clients the ability to better track the engagement between the company and its end customers.

    Scope of IFBD’s Solution

    With a range of applicability in so many sectors, the solution is essential for the financial industry on account of its very high compliance and service requirements for customer and sales centers. The company’s success in serving its Fintech client with Intelligent Quality Inspection will serve as the track record that will bolster IFBD’s foray into the financial industry.

    Advantages of IQI

    The partnering Fintech company prioritizes customer service, while constantly seeking to elevate the quality of management and customer service it offers. This is facilitated by various methods, including, but not limited to, quality inspection and training. The adoption of the Intelligent Quality Inspection system has seen the advancement from manual inspections by random sampling to automatic inspection with 100% coverage. This results in the obsolescence of quality inspectors with the achievement of 100% inspections serving to comprehensively improve management efficiency. With such complete coverage, the company negates the risk of product or service defects slipping through the cracks of selective, random inspections.

    Future Outlook for IFBD

    Armed with the successful implementation of its leading SaaS product, IFBD is poised to capitalize on the expanded scope of opportunities it finds at its disposal as a result of its partnership. Investors are hopeful that the success of this collaboration will pave the way for the company to expand its network of clients, ushering in significant and sustained increases in shareholder value over the long term.

  • SolarWinds Corp. (SWI) Stock Plummets Following Announcement of Completion of Spin-Off Business

    SolarWinds Corp. (SWI) Stock Plummets Following Announcement of Completion of Spin-Off Business

    SolarWinds Corp. (SWI) stock prices were down by a massive 47.37% as of the market closing on July 19th, 2021, bringing the price per share down to USD$8.92 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by another 37.00%, bringing it down to USD$10.66.

    Spin-Off Business

    July 20th, 2021 saw the company announce the completion of its previously announced spin-off of the SWI managed service provider (MSP) business into N-able, Inc., a standalone public company that is traded separately. With the completion of the transaction having taken place on July 19th, 2021, the newly listed spin-off company will facilitate the provision of cloud-based software solutions for managed service providers.

    Birth of N-able

    This, in turn, will allow the MSPs to support digital transformation and growth within small and medium-sized enterprises. While N-able will be listed on the New York Stock Exchange under the NABL ticker, SWI will retain control of its Core IT Management business, which will primarily focus on Providing IT infrastructure management software to corporate IT organizations.

    Financial Forecasts

    Following the company’s initial review of its financial performance for the second quarter of 2021, SWI anticipates reporting total revenue ranging from USD$260.8 million to USD$262 million. This forecast accounts of roughly 6% year-over-year growth, including the company’s Core IT Management revenue-generating USD$176 million to USD$177 million, representing a 2% year-over-year increase. GAAP net loss for the second quarter of 2021 is expected to be in the range of USD$10.4 million and USD$11.3 million.

    Private Placement Offering

    July 12th, 2021 saw the company announce having entered into a definitive agreement with various institutional accredited investors in regard to a private placement financing transaction. The transaction is expected to generate roughly USD$225 million before the deduction of expenses related to the offering. As per the agreement, the company will issue a total of 20,623,282 shares of its common stock, with each share being priced at USD$10.91. Having culminated on July 19th, 2021, N-able will diver the net proceeds generated from the offering to SolarWinds before the closing of the distribution. The capital generated is expected to be used in distribution to its stockholders, as well as to pay down existing third-party indebtedness.

    Future Outlook for SWI

    Armed with the influx of capital from the offering having resulted in a healthier balance sheet, SWI is poised to capitalize on the opportunities presented to it and its spin-off business. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate a continued trajectory of success for the company.

  • NVIDIA Corp. (NVDA) Stock Plummets Following Implementation of Stock Split

    NVIDIA Corp. (NVDA) Stock Plummets Following Implementation of Stock Split

    NVIDIA Corp. (NVDA) stock prices were up 3.41% as of the market close on July 19th, 2021, bringing the price per share up to USD$751.19 at the end of the trading day. Subsequent premarket fluctuations have seen the stock plummet by 74.79%, bringing it down to USD$189.40.

    NVDA Stock Split

    The company’s stock has been climbing steadily and substantially for quite some time now, coming in at more than USD$800 per share as of the end of June 2021. May 2021 saw NVDA announce a stock split that would see each share of common stock being divided into 4 whole shares of common stock. As of the market opening on July 20th, 2021, NVDA shares will trade on a split-adjusted basis. Accordingly, the price of each share will be reduced drastically, which is to be expected given the influx of a number of shares outstanding.

    Effect of Stock Split

    While stock splits obviously affect the price of each share, they do not have a tangible effect on the actual value of the company or the value of its shares. With changes being limited to the number of shares and according to the price of each, fundamentals remain unchanged, as does the long-term outlook of the company. Following the four to one stock split, shareholders of record will find themselves to own four times as many shares as before the split, with the actual value of their investment staying the same.

    Healthy Financials

    The company’s revenue report for the first quarter of 2021 reported USD$5.66 billion, a massive 84% year-over-year increase from the numbers reported in the prior-year quarter. This was largely motivated by a doubling of the company’s gaming revenue, which was up to USD$2.76 billion, as well as a 79% year-over-year improvement in data center revenue.  Earnings per share were also up, by 106% over the course of the year to hit USD$3.66.

    Investor Accessibility

    The resulting reduction in price per share following a stock split has the potential to positively impact longer-term gains because of the increased accessibility. This effect, however, is mitigated partially by the introduction of partial shares, which allow investors to buy fractions of shares. This offers investors the accessibility that is not time-bound as opposed to investors having to wait and time their investments around the implementation of stock splits.

    Future Outlook for NVDA

    Armed with its sustained trajectory of success over the past few quarters, NVDA is poised to capitalize on its momentum as it allocates resources to maintain its steam. Investors are hopeful that management will be able to turn the stock split around to usher in additional growth from the added exposure and accessibility.

  • NovaBay Pharmaceuticals, Inc. (NBY) Stock Surges Following Announcement of Partnership with ImprimisRx

    NovaBay Pharmaceuticals, Inc. (NBY) Stock Surges Following Announcement of Partnership with ImprimisRx

    NovaBay Pharmaceuticals, Inc. (NBY) stock prices surged by 13.0835% some time after market trading commenced on July 19th, 2021, bringing the price per share up to USD$0.6517 early on in the trading day.

    Partnership with ImprimisRx

    July 19th, 2021 saw the company announce its partnership with ImprimisRx, leading ophthalmological pharmaceutical businesses in the United States. The partnership will facilitate the proliferation of Avenova, driven by the widespread promotion of prescription treatment. ImpromisRx will provide NBY with national sales, marketing, and distribution support for the FDA-cleared treatment, which comes in 40 ml bottles as a 0.01% hypochlorous acid. The treatment has been clinically proven to be effective in the management of numerous chronic eye conditions as an antimicrobial lid and lash solution.

    About ImprimixRx

    The partnering company has a proven track record of successfully commercializing high-quality products through its extensive consumer base of thousands of ophthalmologists and optometrists. This position itself superbly to partner up with NBY to expand the reach of Avenova. With its cutting-edge model, ImprimisRx has streamlined the ordering and delivery of products by making the pharmaceutical value chain leaner.

    Details of the Agreement

    As per the agreement, the expansion of Avenova within the prescription channel via cost-effective means has been made possible. This will be done by facilitating the engagement of ophthalmologists and optometrists, enhancing the accessibility of Avenova to unprecedented levels. The compelling addition of the treatment to the company’s ophthalmic product portfolio is set to support its long-standing commitment to its loyal customer base.

    Scope of Avenova

    The treatment caters to a massive dry eye market that is rapidly growing, with the current indication of as many as 30 million Americans reporting suffering from chronic eye conditions, such as blepharitis and meibomian gland dysfunction. The unique treatment is the only lid and lash spray that is suitable for everyday use, having been formulated with NovaBay’s patented pure hypochlorous acid. Avenova is typically prescribed before and after cataract and Lasik procedures by ohthalmologists and optometrists, consolidating it as a complementary treatment for many of the partnering company’s existing product line.

    Future Outlook for NBY

    Armed with the expansive scope of its new strategic partnership, NBY is poised to capitalize on the added opportunities in front of it. The company is keen to usher in further growth by allocating resources towards the expansion and consolidation of the market footprint of Avenova. Investors are confident in management’s ability to leverage their resources to drive increases in shareholder value.

  • Creatd, Inc. (CRTD) Stock Soars as Latest Target of Meme Stock Phenomenon

    Creatd, Inc. (CRTD) Stock Soars as Latest Target of Meme Stock Phenomenon

    Creatd, Inc. (CRTD) stock prices surged by 14.73% shortly after market trading commenced on July 19th, 2021, bringing the price per share up to USD$3.66 early on in the trading day.

    Vocal+ Success

    June 30th, 2021 saw the company report having achieved a significant milestone in having surpassed 30,000 subscribed users of Vocal+, the CRTD’s premium subscription offering of its flagship product, Vocal. The Vocal+ platform was launched earlier in 2020 after three years of its predecessor having driven the main business. Cumulatively, Vocal reports more than 1 million freemium and Vocal+ premium members that comprise its innovative creator community.

    Continued Development

    In light of these promising developments, the company forecasts reporting USD$1 million in net revenues for the second quarter of 2021, which will see a threefold increase from the numbers reported for the same quarter of the prior year. The upcoming quarter is set to see the company allocate resources towards the delivery of additional features that will enhance CRTD’s ability to expand and consolidate its creators and their audiences while driving down marketing costs. The company will, then, rely less on traditional paid media avenues while leveraging the organic traction of their strong network of 39 creator communities.

    Financial Guidance

    In tandem with the company’s newly released Vocal Ambassador Program, CRTD has found itself to have gained access to a source of organic growth for the platform. With the company expected to continue growing, it anticipates its creator-first strategy to generate anywhere from USD$1.6 million to USD$1.8 million in revenues for the third quarter of 2021. With a USD$1.5 million reductions in marketing costs, CRTD forecasts operating expenses in the amount of USD$3.3 million for Q3 2021

    Meme Stock Phenomenon

    Despite these promising developments, the lack of recent news or changes in fundamentals points to CRTD having become the latest target of the meme stock phenomenon. With retail investors coordinating to execute short squeezes on underdog companies with high floats, the phenomenon has been upending institutional investors over the past several quarters. Rife with volatility and risk, these gains are not something CRTD can expect to sustain for very long.

    Future Outlook for CRTD

    Despite the fleeting nature of the meme stock phenomenon’s touch, CRTD is poised to capitalize on the momentum generated by its increased scope of exposure. In a bid to use that limelight to prove to investors that they can justify such surges in stock price on merit, CRTD is keen to facilitate the resources at its disposal to drive in more organic growth over the long term.

  • Conformis, Inc. (CFMS) Stock on the Rise as it Prepares to Present at Canaccord Genuity 40th Annual Growth Conference

    Conformis, Inc. (CFMS) Stock on the Rise as it Prepares to Present at Canaccord Genuity 40th Annual Growth Conference

    Conformis, Inc. (CFMS) stock prices were up 7.62% as of market trading closing on July 16th, 2021, bringing the price per share up to USD$1.13 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 6.19%, bringing it up to USD$1.23.

    Settlement Agreement

    July 7th, 2021 saw the company announce having entered into a settlement agreement with Stryker Corp., thus putting to rest ongoing patent litigation in regard to Wright Medican Technology and Tornier, which were acquired by Stryker in November of 2020. The resolution of the patent litigation over the Wright Medical dispute signals the strength and value of the company’s intellectual property, as well as their unwavering commitment.

    Details of the Lawsuit

    April 24th, 2020 had seen CFMS file a lawsuit against Wright Medical in the United States District Court for in Delaware. The lawsuit alleged that the defendant’s various lines of patient-specific shoulder instruments infringed existing patents, as did implant components used in conjunction with the instruments. As per the terms of the settlement agreement, Stryker is set to make a one-time payment to CFMS, which will grant it a non-exclusive license for some of the company’s patents.

    Distribution Agreement

    June 23rd, 2021 had seen the company announce the execution of an agreement with XR Medical Group, which would see the company enter the Asia-Pacific market through an exclusive distribution relationship. As per the distribution agreement, XR Medical will be granted exclusive rights for the sale, marketing, and distribution of CFMS’ patient-specific iTotal CR and PS total knee replacement systems. Also included in the agreement are the iTotal CR and PS patella devices, as well as the iUni and iDuo partial knee replacement systems. The agreement also allows for the proactive additional of CFMS’s expanding product portfolio into the terms of the agreement.

    Scope of Market

    With the global market for knee joint reconstruction being pegged in excess of USD$9 billion, the Asia-Pacific region makes up an estimated USD$1.7 billion of the burgeoning marketspace. The company is keen to see the fruition of Fortune Business Insights’ forecasts of continued increases in the rate of growth, stemming largely from an increased prevalence of knee disorders, surges in medical tourism, higher disposal incomes, as well as improved healthcare infrastructure.

    Future Outlook for CFMS

    Armed with the resolution to their litigation issues, the company is poised to allocate its resources towards penetrating the newly accessed Asia-Pacific market. CFMS is keen to push for the continued commercialization and increased proliferation of its myriad of treatment options. Investors are hopeful that management will be able to usher in significant and sustained increases in shareholder value over the long term.

  • Byrna Technologies, Inc. (BYRN) Stock Surges Following Announcement of Pricing of its Upsized Public Offering

    Byrna Technologies, Inc. (BYRN) Stock Surges Following Announcement of Pricing of its Upsized Public Offering

    Byrna Technologies, Inc. (BYRN) stock prices were up 12.79% shortly after market trading commenced on July 16th, 2021, bringing the price per share up to USD$25.40 early on in the trading day.

    Registered Direct Offering

    July 16th, 2021 saw the company announce the pricing of its upsized underwritten public offering, wherein the company will sell 2.5 million common shares. Each share will be priced at USD$21.00, with total gross proceeds in the amount of roughly USD$52.5 million being generated, before the deduction of expenses related to the offering. This upsizing saw the company bump its shares up from the previously announced 2.25 million common shares.

    Details of the Offering

    Furthermore, the offering includes an option for underwriters to purchase up to an additional 375,000 common shares within 30-days of the offering, at the same price as the public offering. The company plans to allocate the capital generated in net proceeds from the offering towards working capital, as well as other general corporate purposes.

    Revenue Reports

    Revenues for the second quarter of fiscal 2021 were up to USD$13.4 million, a significant year-over-year improvement from the USD$1.2 million reported for the prior-year quarter. This increase in sales was largely driven by the strength of the company’s order growth for its flagship Byrna HD personal security device. This has been facilitated by favorable media attention, as well as an increase in quarterly production volumes.

    Operating Expense Breakdown

    Operating expenses were up to USD$5.5 million in the second quarter of 2021 from the USD$1.4 million in the prior-year period. This year-over-year difference was indicative of greater investment in corporate infrastructure needed for the support of the company’s growth, largely driven by the addition of key management positions over the previous year, including, but not limited to, CFO, CMRO, CSCO, and CPO. Further facilitating the difference was an increase in marketing expenses, as well as increases in legal and public company-related costs. These costs include expenses associated with a reverse stock split, wherein the conversion of the Series A preferred stock into common stock, as well as the up-listing of the company to the Nasdaq Capital Market.

    Future Outlook for BYRN

    Armed with the influx of the capital generated from the public offering, as well as the success of its financial reports for the most recent quarter, BYRN is poised to continue its trajectory of success. Current and potential investors are hopeful that management will be able to leverage the resources at its disposal to facilitate significant and sustained increases in shareholder value.