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Bitcoin Sets Its Sights beyond $40,000, Boosting XNET stockBitcoin Sets Its Sights beyond $40,000, Boosting XNET stock higher As has often been the case for much of the past couple of months, when bitcoin rises, a handful of stocks also perform well, including XNET stock. On Wednesday evening, the combined capitalization of the entire cryptocurrency market surpassed $1 trillion for the first time, according to CoinDesk. Cryptocurrency stocks continue to see outsize trading volume, leading to high volatility, as bitcoin and other alt-coins keep pushing to new highs. Investors should keep in mind that many cryptocurrency stocks are penny stocks and incredibly easy for traders to manipulate. Xunlei is surging by a ludicrous amount today and there's no fundamental reason to explain the move. But the stock's trading volume is almost 44 million, according to Yahoo! Finance, rivaling that of some of the largest publicly traded companies. Xunlei's move today is reminiscent of the surge Bit Digital had during the past week. The stock more than doubled in just a couple of days but is losing steam now that the pump is over. Herein lies the problem with stocks surging on trading volume that's out of sync with business fundamentals: There's no way to tell when the music is going to end. That's true of Xunlei and Bit Digital stocks, but also others like Marathon, Riot Blockchain, and Canaan. These three now have market caps over $1 billion each, trading with price-to-sales ratios in the hundreds.
NASDAQ:XNETLong
by AlenCiken
Twitter signaling a correction, BUT!The bullish flag for now is ruined as we have turned South in the previous trading session. The support of the potential figure was breached and we closed below it. Currently we are in a fractal support of the uptrend - that's the BUT! part. Because RSI and MACD's crossover and histogram are signaling that we may head for a correction and that it's appropriate to take short positions. Breach of the current support will be the additional indicator to start selling.
NYSE:TWTRShort
by DailyChartist
SOS to Expand into Digital Assets Security IndustryDr. Huazhong (Eric) Yan A Renowned Cryptocurrencies Security Expert Joins SOS to Spearhead SOSs Effort to Expand into Digital Assets Security Industry Dr. Yan is expected to utilize his cryptocurrency mining, protection, insurance expertise and his industry resources to lead SOS's efforts to set up a new business to apply blockchain-based security and insurance technologies in the safeguard of cryptocurrencies and digital assets, and strategically upgrade SOS's existing portfolios of products and services. SOS plans to set up a new wholly owned subsidiary SOS Digital Technologies Inc., to be led by Dr Yan. SOS anticipates to utilize the new subsidiary to be spearheaded by Dr. Yan to provide the infrastructure services in blockchain security for its big data insurance marketing and rescue services, and even providing insurance and banking services for digital assets and cryptocurrencies. Dr Yan has applied seven patents in China related to decentralized cryptocurrency wallets and exchanges, the protections and insurance for digital assets and cryptocurrencies, and blockchain-based security framework and solutions. The truly decentralized cryptocurrency wallet and exchange technologies developed by Dr Yan have been proven to be bullet-proof. Once SOS Digital Technologies Inc is created, SOS plans to launch the first digital assets insurance company and the first cryptocurrency bank in the world, backed up by Dr Yan's technologies. This venture is urgent as about 20% of cryptocurrencies are stolen or lost every year. Such venture is highly necessary as DCEP, the sovereign cryptocurrency offered by the central Bank of China, is in its testing stage and other sovereign cryptocurrencies are coming soon." finance.yahoo.com
NYSE:SOS
by AlenCiken
3
Ospraie Management and GPRE Acquire Majority Stake in Fluid QuipOspraie Management and Green Plains Acquire Majority Stake in Fluid Quip Technologies The partnership will immediately leverage their combined technologies and relationships to produce and market sustainable ingredients with increasing protein concentration levels and nutritional characteristics for pet food, aquaculture and animal feed markets globally. The partnership will also help accelerate the installation of Ultra-High Protein technology across Green Plains’ platform, amplify its production capabilities and further expand product offerings to accelerate the growth of Optimal Aquafeed’s precision aquaculture solutions, leveraging previously announced partnerships with Novozymes and Hayashikane Green Plains will look to deploy a number of Fluid Quip’s advancing technologies in sustainable high proteins, renewable corn oil and Clean Sugar Technology (CSTTM) throughout its platform beginning in 2021. The partnership will enhance Fluid Quip’s ability to provide premier technologies and engineering services while accelerating technology development and deployment across biofuels and biochemical facilities worldwide. Ospraie acquired 550,000 warrants for Green Plains stock (each warrant equal to one share of stock) with a strike price of $22 per share. finance.yahoo.com
NASDAQ:GPRE
by AlenCiken
Perion Raises Financial Outlook case studyPerion Raises Financial Outlook, Expects 31% Year over Year Revenue Growth in the Fourth Quarter of 2020 Customers Momentum for Connected TV and "Full-Funnel" Solution Propel Advertising Business "The acceleration of Perion’s advertising revenue growth is being driven by higher-than-expected revenue synergies from recent acquisitions, as well as higher demand across our CTV and video offerings" following the four-year renewal of our partnership with Microsoft, announced earlier this quarter, we see an increased number of publishers who wish to engage with Perion’s search business unit. These achievements underscore the success of our diversification strategy and are expected to contribute to double digit revenue growth rates over the coming years for Perion." e revised guidance for Q4 2020, implies that for the second half of 2020, revenue and Adjusted EBITDA ranges are $183-$188 and $22-$23 million, respectively, compared to the previously provided second half outlook of revenue and Adjusted EBITDA ranges of $164-$174 and $16-$18 million, respectively. finance.yahoo.com
NASDAQ:PERI
by AlenCiken
2
ATOM Sign Joint Development AgreementAtomera and Market Leading Semiconductor Company Sign Joint Development Agreement for Use of MST in Future Devices. entered into JDA with a leading semiconductor provider for integration of Atomera's Mears Silicon Technology (MST) into their silicon fabrication process. Atomera's MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today's electronics. New collaboration will leverage Atomera's transistor enhancement technology to develop improvements across the manufacturer's production lines finance.yahoo.com
NASDAQ:ATOM
by AlenCiken
2
The Peck Company Holdings to Acquire iSun Energy LLCThe Peck Company Holdings to Acquire iSun Energy LLC, Award-Winning Solar-Powered Electric Vehicle Infrastructure Provider and Clean Energy Product Innovator Accretive acquisition with $2M near-term revenue commitments, 30-40% project gross margin and a software platform for recurring energy service revenues. Combining Peck’s profitable EPC business for solar, data and electrical contracting with award-winning products and platforms that are modular, scalable and connected is a powerful combination that differentiates the company from other solar EV charging companies. iSun Energy near term pipeline is in Connecticut, Massachusetts, New York and other locations, to be announced shortly. Timely market expansion capitalizes on the Biden administration’s plan to make major public investments in renewables and electric mobility infrastructure, including in 500,000 electric vehicle charging stations. Industry experts anticipate 100 GWs of solar infrastructure will be constructed over the next 5 years, representing 50% growth. finance.yahoo.com
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by AlenCiken
1
$BANT PT 2-4 Supernova! Legends!(fm @OzVest) Bantec, Inc., an unmanned aerial vehicles (UAV) and related services and technology company, focuses on the distribution and integration of advanced low altitude UAV systems, services, and products worldwide. It also provides product procurement, distribution, and logistics services. In addition, the company offers drones; drone accessories, training, and services; counter-drone technology; certificates of authorization; and Waivers, as well as drone pilot services. Further, it supplies spare and replacement parts to various federal government agencies, military prime contractors, and commercial customers. Additionally, the company operates an online store for Covid-19 sanitizing products and robots. Bantec, Inc. is headquartered in Little Falls, New Jersey.
OTC:BANTLong
by BADQOMOCAWGOWLD
1
Anderson from Colliers reiterated a buy ratingAnalyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15. Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game console is the inclusion of adaptive triggers in the controller, which facilitate a new level of haptic feedback for players. Anderson has been using the DualSense controller and called it a "breakthrough" for Immersion to score such a high-profile design win in a mass-market application. Demand for the PS5 has been off the charts, with units flying off digital shelves within minutes of retailers getting additional inventory after launching last month. "Immersion collects a royalty from each controller and we expect more than one controller will ship per console over time to support multiplayer gaming and to replace worn-out controllers," "The DualSense controllers are already available at retail ahead of the PlayStation 5 console launch." Anderson believes that Immersion will be able to expand into other markets with its haptics technology offerings, and that the company has finally created an "efficient and predictable operating model." www.fool.com The analyst also notes that Immersion's fundamentals are becoming more predictable with 80% of revenue coming from per unit royalties, double the amount from four years ago. seekingalpha.com
NASDAQ:IMMR
by AlenCiken
AST & Science LLC to Become Public Company via NPA spac companyAST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW) - AST & Science LLC ("AST SpaceMobile") is building the first and only space-based cellular broadband network accessible directly by standard mobile phones. - Combined company to have an estimated post-transaction enterprise value of $1.4 billion and will become listed on the NASDAQ under the ticker symbol "ASTS" following expected transaction close in the first quarter of 2021. Expected to have an equity value of approximately $1.8 billion at closing, or 1.4 times calendar year 2024's estimated EBITDA of approximately $1 billion. The company will have no debt on the balance sheet at closing. - Transaction to provide up to $462 million in gross proceeds, comprised of New Providence Acquisition Corp.'s $232 million of cash held in trust (assuming no redemptions) and a $230 million fully committed common stock PIPE at $10.00 per share, including investments from Rakuten, Vodafone, American Tower, UBS O'Connor and a broad base of financial institutions - AST SpaceMobile LLC shareholders Vodafone, Rakuten, American Tower, and Cisneros will increase their equity holding through participation in the PIPE financing in support of AST SpaceMobile's transition into the publicly listed company. Backed by an extensive IP and patent portfolio, AST SpaceMobile will uniquely address the $1 trillion global mobile wireless services market finance.yahoo.com
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by AlenCiken
BARK to List on NYSE Through Merger with STICBARK, A Leading Brand for Dogs, to List on NYSE Through Merger with Northern Star Acquisition Corp. BARK serves over 1 million dogs monthly through BarkBox and Super Chewer subscriptions and broad retail distribution of its comprehensive suite of best-in-class, proprietary products projected revenues of approximately $365 million and gross margins of approximately 60% for fiscal year ending March 31, 2021, 179% YoY increase in revenue from new product lines in first half of FY2021, and net revenue CAGR FY2020-FY2023 of over 40% Transaction values BARK at an enterprise value of approximately $1.6 billion and is expected to provide up to $454 million of gross cash proceeds to invest in the acceleration of new and existing product lines as well as international expansion Top-tier institutional investors, including Fidelity Management & Research Company LLC, Senator Investment Group, the Federated Hermes Kaufmann Funds, and affiliates of the Santo Domingo Group, among others, are supporting the transaction with an upsized $200 million fully-committed PIPE The Northern Star and BARK Boards of Directors have unanimously approved the proposed merger and the related transactions, which are expected to be completed early in the second quarter of 2021, www.prnewswire.com
S
by AlenCiken
1
Katapult to Become a Publicly Traded Company Through MergerKatapult to Become a Publicly Traded Company Through Merger With FinServ Acquisition Corp. Leading e-commerce focused point-of-sale platform for nonprime consumers Transaction values Katapult at a pro forma enterprise value of approximately $1 billion and equity value of $962 million, representing EV/EBITDA multiples of 14.1x and 6.6x projected EBITDA for 2021 and 2022, respectively. Total consideration paid to Katapult’s existing shareholders will be $833 million. Cash proceeds of the transaction will fund up to $325 million of cash consideration to Katapult’s existing shareholders and $50 million of cash to Katapult’s balance sheet. The cash components of the transaction will be funded by FinServ’s cash in trust of $250 million Transaction includes a $150 million fully committed PIPE at $10 per share from investors led by Tiger Global Management & Neuberger Berman Funds Attractive, profitable financial profile with approximately $250 million of projected revenue (+172% y/y) for 2020 Proven and experienced management team, who will continue leading the combined company The transaction is expected to close during the first half of 2021 www.businesswire.com
F
by AlenCiken
Can DS Finally Bust This Level?Looking at the Fibs, DS is once again testing this technical level. It's been a decently strong level of resistance for months. Only was able to break above it briefly but couldn't sustain itself for more than a few days. With the vaccine set for delivery in this week, it's going to be interesting to see how epicenter stocks perform. Will we finally get that bullish move in reopening stocks? Last month, Drive Shack reported a very solid earnings report for the third quarter ending on September 30th. In the report, the company stated that it was able to bring in revenues north of $66 million. CEO of the company, Hana Khouri, stated in its last Q filing that “we are pleased with our third-quarter results as we see our venues and courses continue to build momentum over the year. Both of these businesses delivered positive financial results in the quarter, even with the challenges we continue to face with local restrictions and mandates with large group gatherings.” QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
D
by PennyStocks101
Will AXAS Break Resistance After Vaccine Delivery?It Will be interesting to see how AXAS performs this coming week now that Pfizer's vaccine is set to ship. Energy stocks will likely be a focus and might be worth watching at the very least. "Investors should be watching these companies due to their relationship with the covid vaccine. If a vaccine comes out in a timely manner, it could mean more people out and about. This would mean that energy consumption could go up, leading to greater demand for resources. The company states that it operates as an energy company working on the exploration and development of oil and gas. It does this in the Permian Basin as well as the Rocky Mountains and South Texas. All of these areas are known to have high concentrations of oil and natural gas." QUOTE SOURCE: Penny Stocks To Buy Under $3 Right Now, Are They Worth The Risk?
A
by PennyStocks101
BABA - China/US tension heavy on the stockSince the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions. The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling. Price is currently in a range after getting out of the long-term uptrend.
NYSE:BABAShort
by DailyChartist
TransGlobe Energy Corporation Announces an AgreementTransGlobe Energy Corporation Announces an Agreement to Merge, Extend and Modernize Its Eastern Desert Concessions Micro-cap TransGlobe Energy (TGA +45.1%) has reached an agreement with Egyptian General Petroleum to merge TransGlobe’s three existing Eastern Desert concessions into a new modernized concession agreement. The merged concession will have a new 15-year development term and a 5-year extension option. Improved netbacks and increased cash flows are expected to fund new investments in incremental recovery projects. TGA will pay an initial equalization payment of $15M and signature bonus of $1M on ratification, with five further annual equalization payments of $10M each being made over five years (beginning Feb. 1, 2022 until Feb. 1, 2026). finance.yahoo.com
TLong
by AlenCiken