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$TAOP Enters into Blockchain Deployment Consulting AgreementTAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment $TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay"). Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following: Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin, Ethereum, etc.) investment opportunities. Introduce TAOP to potential investors for strategic investment. Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans. growing market demand for digital assets such as Bitcoin, maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin. In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash. finance.yahoo.com
NASDAQ:TAOP
by AlenCiken
$SINO Announces LOI to Acquire 51% of Computing Power CenterSino-Global Announces LOI to Acquire 51% of Computing Power Center Company $SINO announced today that it has signed a Letter of Intent ("LOI") to acquire 51% of Inner Mongolia Nine-Chain Intelligent Big Data Park Service Co., Ltd. ("Nine-Chain Intelligent"). Based on the information furnished to the Company, Nine-Chain Intelligent's computing power center currently has about 150,000 KW*hour capacity for Bitcoin mining. The total Bitcoin computing power reaches 4500P. In addition, the center has 50,000 KW*hour capacity for Ethereum mining. The total Ethereum computing power reaches 28T. 51% of equity interest is approximately $8.5 million. We are extremely excited to execute an LOI to help us strategically expand our business to Bitcoin and Ethereum mining. Recently, cryptocurrency mining has evolved rapidly with scalability and infrastructure. This investment will provide Sino-Global a foundation to develop the mining project efficiently. finance.yahoo.com
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by AlenCiken
$AXT revenue in Q4 rose 47% year over year to $27 million!“2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter,” Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019. Gross margin was 34 percent of revenue for the fourth quarter of 2020, compared with 35 percent of revenue in the third quarter of 2020 and 21 percent for the fourth quarter of 2019. Net income in the fourth quarter of 2020 was $2.1 million, or $0.05 per share, compared with net income of $1.0 million or $0.02 per share in the third quarter of 2020, and a net loss of $2.0 million or $0.05 per share for the fourth quarter of 2019. three analysts upgraded their 12-month price targets for the stock. Analysts from Northland, B. Riley Securities, and BWS Financial set price targets of $15, $12, and $20, respectively. finance.yahoo.com www.fool.com
NASDAQ:AXTI
by AlenCiken
H.C. Wainwright boosted price target from $24 to $50 Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark (CLSK) model. The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. The reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue. However, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead. The Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February. By early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s. finance.yahoo.com
NASDAQ:CLSK
by AlenCiken
Pricing of $18.7 Million Registered Direct Offering Priced ATMZW Data Action Technologies Inc. Announces Pricing of $18.7 Million Registered Direct Offering Priced at the Market under Nasdaq Rules today announced that it has entered into a securities purchase agreement with several institutional investors for a registered direct placement of approximately $18.7 million of shares of common stock of the Company at a price of $3.59 per share. The price was set at market price in accordance with the rules of Nasdaq. The Company will issue a total of 5,212,000 shares of common stock to the institutional investors. The Company also completed a concurrent private placement of warrants to purchase shares of common stock to the same institutional investors. The warrants are to purchase up to 2,606,000 shares at an exercise price of $3.59 and have a term of three and one-half years. finance.yahoo.com ZW Data Action Technologies signed a strategic cooperation agreement with BitSpace for Joint Blockchain Mining Platform The two parties will use their respective capital, platforms and resources to build a joint blockchain mining platform. The ZW data’s blockchain infrastructure framework (BIF) platform will offer a new model of smart contract for automatic aggregate mining and achieve the automatic distribution of income. finance.yahoo.com
NASDAQ:CNET
by AlenCiken
2
$CLPS Signs Vendor Agreement with U.S. Digital Payment PlatformCLPS Incorporation Signs Vendor Agreement with a Well-Known U.S. Digital Payment Platform, Ramps Up Global Expansion Strategy. $CLPS will provide IT services, including data analysis and payment risk management for their international business. Growing beyond the Mainland China market, CLPS has been extending its presence and client base internationally, including blue chip financial institutions to meet the strong demand for IT services. The Company's competitive advantage and expertise in the payment industry are contributing factors that made the contract with the Client headquartered in the U.S. possible. It enables the well-established business relationship of both parties to transpire in the international market. finance.yahoo.com
NASDAQ:CLPS
by AlenCiken
$SONM Software Applications Earn FirstNet Certified™ DesignationSonimWare Enterprise Software Applications Earn FirstNet Certified™ Designation FirstNet® Subscribers Can Now Access Sonim SCAN and Sonim SOS Android Applications via the FirstNet App Catalog. Achieving a FirstNet Certified™ designation means that the Sonim SCAN and SOS applications are heavily vetted and trusted solutions for public safety, meeting FirstNet app requirements. The Sonim SCAN application utilizes an industry-leading Scandit Barcode Scanner Software Development Kit (SDK) to turn the ultra-rugged XP8 into a world-class barcode scanning solution for front-line workers who must rapidly capture large amounts of data. finance.yahoo.com
NASDAQ:SONM
by AlenCiken
$SCKT launches first enterprise-grade scanners for Apple iPhoneSocket Mobile launches first enterprise-grade scanners for Apple iPhone 12 series Socket Mobile is excited to announce the arrival of the DuraSled™, the first enterprise-grade barcode scanner for the iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max and iPhone 12 Mini. With the sleek, high-performance DuraSled, users of all Apple iPhone 12 series devices can access professional-grade scanning solutions. An ever-increasing number of companies count on iPhone applications to run their businesses. finance.yahoo.com
NASDAQ:SCKT
by AlenCiken
3
$FTFT Enter Into Cooperation Agreement to Use Blockchain TechFuture FinTech and China Foundation of Consumer Protection Enter Into Cooperation Agreement to Use Blockchain Technology Against Counterfeit Products. The "Responsible Brand Plan" will be officially launched in March 2021 and operated by the "Quality and Safety Office" of the Anti-Counterfeiting Committee of China Foundation of Consumer Protection. The Responsible Brand Plan will make full use of the real name based blockchain anti-counterfeiting tracing technology developed by CCM, which will not only protect the legitimate rights and interests of the enterprises and their brands, but also impose responsibility for their product's quality and safety." finance.yahoo.com
NASDAQ:FTFT
by AlenCiken
Why $BRQS Skyrocketed in 2021Why $BRQS Skyrocketed in 2021 There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $BRQS shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month.. Chinese 5G/Ev/blockchain Just before Christmas last year, the company announced that it would be reducing its debt by $18 million and eliminating institutional loans. Also in December 2020, the company signed an agreement to build a 5G industrial park in China. The other positive factor for the $BRQS is the surging price of bitcoin-blockchain technology. investorplace.com twitter.com
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by AlenCiken
Teradata Soars on Strong Earnings and Demand for CloudTeradata Soars on Strong Earnings and Demand for Cloud Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services. Annual recurring revenue (ARR) increased 11% from the prior year period(1) Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1) Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1) Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations finance.yahoo.com
NYSE:TDC
by AlenCiken
LIZHI INC. Issues Letter to ShareholdersLIZHI INC. Issues Letter to Shareholders Tiya, our audio-based social product, soared to rank among the top 4 social networking apps in the U.S. Within a few months of Tiya’s launch worldwide, it has been ranked among the top 10 social networking apps in about 50 countries worldwide. Currently, Tiya has users in over 200 countries. We believe that online social networking through audio will become a dominant method of social networking in the future. we further developed LIZHI’s corporate value, while elevating our talent training initiatives, including forming collaborations with universities to cultivate talents specializing in AI technology. Moreover, we launched an "Innovation Training Camp" internally to equip our employees with innovative thinking in tandem with scientific methods. We also continued to invest in our management team with a lot of resources and systematic training to enhance management skills. we launched a new mobile app, LIZHI Podcast (also named LIZHI BOKE in Chinese), in January 2021, to provide our users with a more compelling podcast experience.
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by AlenCiken
Payoneer to Become Publicly Traded Company Through FTACPayoneer to Become Publicly Traded Company Through Combination With FTAC Olympus Acquisition Corporation Payoneer processed more than $44 billion in volume in over 7,000 trade corridors in 2020 Transaction assigns Payoneer $3.3 billion pro-forma implied enterprise value upon , representing a 7.6x multiple of 2021 expected revenue of $432 million. The cash component of the purchase price to be paid to the equity holders of Payoneer is expected to be funded by FTOC's cash in trust (minus any redemptions by FTOC's existing public stockholders). Includes commitments for $300 million PIPE from investor group including existing investor Wellington Management, as well as Dragoneer Investment Group, Fidelity Management & Research Company LLC, Franklin Templeton, certain funds managed by Millennium Management, funds and accounts advised by T. Rowe Price Associates, Inc., and Winslow Capital Management, LLC Following the Reorganization, the Company is expected to have up to $563 million in cash, offering significant capital flexibility for continued organic and inorganic growth. Existing Payoneer equity holders have the potential to receive an earnout of additional shares of common stock if certain stock price targets are met as set forth in the reorganization agreement, and they will remain the largest investors by rolling over significant equity into the Company. The transaction is expected to close during the first half of 2021. finance.yahoo.com
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by AlenCiken
Globalstar Signs Agreement With Ceres TagGlobalstar Signs Agreement With Ceres Tag, the World’s Only Direct to Satellite Livestock Smart Ear Tag GSAT has signed a commercial agreement with Ceres Tag, to supply satellite services to the livestock industry through the world’s first and only smart ear tag for traceability provenance, biosecurity, health, animal welfare, production improvement and theft reduction. This agreement follows Ceres Tag’s recent success in winning the SVG Ventures THRIVE Challenge and their ear tag being named as the #1 Big Breakthrough Technology for Ag Change in the Next Decade by the AgJournal of Weekend Australian. Ceres Tag will launch May 1, 2021 at the Beef Australia Exhibition in Rockhampton Queensland Australia and will be available for purchase from their online ecommerce website for delivery worldwide. Initial market focus will be Australia/New Zealand and North America. finance.yahoo.com SPOT Partners With Battlbox to Drive Awareness of Winter Safety As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service. finance.yahoo.com
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by AlenCiken
Achronix to List on Nasdaq Through Merger With ACE ConvergenceAchronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data acceleration solutions used in high-growth applications including AI, cloud computing, 5G, networking and automotive driver assistance Highly differentiated financial profile with estimated 2020 revenues of approximately $105 million, 79% gross margins and 35% operating margins with migration to next-generation products driving an estimated revenue CAGR of 20% to 25% from 2020 to 2025 Business combination with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) positions Achronix to capitalize on non-cancellable backlog in excess of $160 million and over $1.1 billion in identified pipeline opportunities driven by Speedster® and Speedcore™ products Approximately $2.1 billion estimated post-transaction equity value based on current assumptions with up to $330 million in gross cash proceeds to the company, assuming minimal redemptions Oversubscribed $150 million fully committed common stock concurrent PIPE financing at $10.00 per share anchored by ACE Equity Partners LLC, funds and accounts managed by BlackRock and Hedosophia; and with participation from other institutional investors Achronix expected to be listed on Nasdaq under the ticker symbol "ACHX" following an anticipated transaction close by the end of the first half of 2021 Customer validation of Achronix’s products is substantiated by nearly $240 million in orders received in 2020 . Achronix’s new Speedster7t and Speedcore products, built on leading-edge process technology, have contributed to a design pipeline value in excess of $1.1 billion and are expected to drive Achronix’s future growth. "The next era of growth and opportunity is in the trillions of connected devices providing compute-intensive intelligence, all fueled by network connectivity and 5G," finance.yahoo.com
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by AlenCiken
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
Possible Head & Shoulders Pattern forming on FB and Amazon.Possible head and shoulders pattern on FB & Amazon - its not confirmed on both. The ideal setup is that both decrease in value below the "neckline" marked in blue/red in each respective chart. Although not guaranteed the price can then increase in value, coming back up to the neckline, where we see a rejection and continuation of the downwards breakout this is the confirmation area of the pattern, in extremely volatile markets we may not see a confirmation on the larger timeframes.
NASDAQ:AMZNShort
by Worth_The_Ri5k
Nvidia is this sustainable?Hello everyone. So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there is something out there that will quadrupple the earnings of this company in a short time. But let's we what the charts say shall we? Well from a technical perspective the stock is overvalued, the red middle line is the average of the trend. And as you can see the price is way above the growth average. Pretty much confirming that what the P/E ratio tells us. The problem is in this sort of mania the price could go up even more before eventually going down. It's not safe to short here. Just keeping an eye on this stock is the plan now. Also it goes without saying, I would never buy a stock at these technical levels and these valuations.
NASDAQ:NVDA
by MedianLineAnalysis
3