On Wednesday, September 4, quotes on Athira Pharma, a small developer of therapies for neuronal health, plummeted 78% after the company reported that its Alzheimer’s treatment had not been found significantly more effective than placebo in a 26-week clinical trial. Despite this setback, Athira intends to continue working on the…
Canada’s KITS Eyecare, a retailer of eyewear and contact lenses, has upgraded its revenue guidance for the third quarter of 2024 just a month after announcing the previous estimate. Analysts have taken note and raised their target prices for the stock. Details KITS Eyecare has announced that it sees upside…
Shares of less-lethal weapons manufacturer Byrna Technologies have surged more than 20% today, Wednesday, September 4. The trigger was preliminary third-quarter earnings, with revenue nearly tripling. Details At the start of trading on Wednesday, Byrna Technologies stock jumped 20.4% to $12.94 per share, the highest mark since May. For the…
The city of Stockholm has proposed revoking the Swedish sales permit for traditional snus from a Haypp Group subsidiary, the company reported. Snus in Sweden accounts for a fifth of total sales. Today, Wednesday, September 4, Haypp shares opened lower on the Nasdaq First North Growth Market for smaller European…
The stock of fintech company Pagaya Technologies is trading with 79% upside versus its last closing price, notes Barchart.com contributor Ruchi Gupta, citing analysts’ consensus forecasts. Pagaya has developed an AI platform that helps banks, retailers, and payment systems to make lending decisions. Details The average target price for Pagaya…
The consulting firm Grand View Research expects the global AI market to grow from less than $200 billion in 2023 to $1.8 trillion by 2030. Against this backdrop, the tech giants driving AI adoption are Wall Street favorites, making it increasingly difficult to find stocks with untapped potential. Insider Monkey…
Zacks Small-Cap Research (Zacks SCR) published a report last week on VolitionRx, which develops and sells early-detection tests for serious diseases. It set a target price for the stock of $3.60 per share, five times the closing price as of Friday, August 30, noting the company’s expanding distribution network and…
Shares of XORTX Therapeutics, which is focused on developing drug therapies to treat progressive kidney disease, soared about 136% on Thursday, August 29. The company highlighted research that established a link between genetic factors and several diseases, including kidney disease. This might expand the market for XORTX therapies, as the…
The unexpected entry of Kamala Harris into the presidential race on July 21 drove a 5.7% rise in the shares of AdvisorShares Pure US Cannabis ETF, which provides investors with access to U.S. cannabis companies, with a 19% increase in the number of shares changing hands. More than half of…
Shares of less-lethal weapons manufacturer Byrna Technologies rose 2.6% on Wednesday, August 28. The company announced that the Uruguayan government had purchased launchers and ammunition for use by the National Police. Details Byrna stock gained 2.56% to $11.22 per share on the Nasdaq on Wednesday, having risen as high as…
Sonoma Pharmaceuticals, which develops treatments for dermatological conditions and advanced wound care with its flagship product stabilized hypochlorous acid, slid almost 14% in pre-market trading today, Wednesday, August 28. This follows an announced reverse stock split to maintain the company’s listing. Details In trading before the open on Wednesday, Sonoma…
Shares of La Rosa Holdings, which provides real estate brokerage and related services, advanced about 5% on Tuesday, August 27. The trigger was an announcement that the company had completed the acquisition of a competitor, which will enable it to offer new services, including title insurance. Details La Rosa Holdings…
Achieve Life Sciences, a pharmaceutical company developing the first vaping addiction treatment, has announced a new CEO. It explained that it needs a leader with substantial experience in M&A and drug commercialization. Freedom Finance Global Senior Analyst Ilya Zubkov believes that this move could indicate a potential sale of Achieve.…
Quotes on shares of limestone and lime products manufacturer United States Lime & Minerals (USLM) dropped 14% in after-hours trading on Monday, August 26. Earlier in the day, the company announced that board member Richard Cardin had sold 12,000 shares for just under $1 million — nearly half of the…
In the dynamic environment seen in the U.S. stock market in recent months, dividend stocks can offer stability and steady income streams to investors, points out Simply Wall St. Their team has identified three small-cap stocks that could serve as such a safe haven. Timberland Bancorp This is the holding…
Quotes on Hong Kong-based Asian food producer DayDayCook (DDC) jumped 8% in premarket trading in New York today, Monday, August 26. This comes after a Friday announcement that DDC had restructured a $4.8 million loan and completed a $1.7 million private placement to bolster its balance sheet. Details On Friday,…
Benzinga has spotlighted three stocks from the Russell 2000 Index that have at least doubled in value in 2024: the fintech company Dave, the voice AI and speech recognition company SoundHound AI, and the large language model developer Innodata. Meanwhile, Wall Street analysts foresee further growth for all three. Dave…
Small-cap stocks historically shine in U.S. presidential election years, points out Francis Gannon, co-CIO at Royce Investment Partners, 98% of whose assets under management are invested in small caps. Details Historically, in presidential election years, the Russell 2000 index, which comprises 2,000 small-cap stocks, outperforms the Russell 1000, made up…
The pharmaceutical industry is one of the most challenging sectors, as bringing a drug to market takes 10-15 years and costs billions of dollars. However, the founders of Citius Pharmaceuticals seem to have found a shortcut. Its first drug is set to hit the market before the end of the…
This summer has been tumultuous for investors, marked by a rotation out of big tech and into other sectors and small-cap stocks, as well as the more recent global stock market selloff. In this dynamic environment, stocks with strong fundamentals and growth potential can “uncover hidden opportunities for investors,” writes…
On Tuesday, August 20, Sidus Space announced that it had secured a $2 million contract to develop and test interactive display equipment for the U.S. Navy. The company, whose technology is used by businesses and governments to collect space-based data, was founded by Carol Craig, one of the first women…
Gryphon Digital Mining, a small company that brands itself as a carbon-neutral Bitcoin miner, has announced that it entered into an agreement to acquire “ultra low-cost power” assets. It expects to obtain electricity at $0.01 per kilowatt-hour (kWh). According to its own estimates, this could generate up to $1 million…
Shares of several small diagnostics companies surged on Monday, August 19, amid what is expected to be a “dramatic increase” in demand for their tests to detect the monkeypox virus, noted Seeking Alpha. The outbreak has spread beyond Africa, with the first case of the latest strain reported in Sweden…
Canadian biotech company Lexaria Bioscience has announced positive findings from a study that could potentially allow Denmark’s Novo Nordisk to reduce production costs for its type 2 diabetes and obesity drugs. The study revealed that Lexaria DehydraTECH-processed semaglutide is just as effective as the semaglutide that serves as the active…
