Category: Trading Advice

MPWR Stock
Trading Advice

Enthusiast Gaming Holdings Inc. (EGLX) – What next after Recent Momentum?

Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX), an entertainment platform, presented a favorable Q1 2022 report. Enthusiast Gaming’s services saw a surge in user engagement, resulting in a considerable profit improvement. At the trading on May 17th, the news was the catalyst for a 35.16 percent increase in EGLX prices to $2.46.  Enthusiast Gaming Holdings Inc. (EGLX) is a small-cap firm with an annual revenue loss of one-third. Some investors have taken notice of the company’s success in attracting new audiences to the up-and-coming entertainment area. EGLX’s revenue surged 57 percent year over year to $47.2 million in the most recent
Trading Advice

Agile Therapeutics, Inc. (AGRX) Stock Bounced Back after Abysmal Monday, Here’s Why

Agile Therapeutics, Inc. (AGRX), a women’s healthcare company, closed Monday’s regular trading session at $0.13 after declining by 13.26% during the day. However, in the premarket trading session, AGRX has bounced back, as it has surged by 7.60% and consequently is trading at $0.14 at the time of the writing. AGRX Received Net Operating Loss Tax Benefits The increase in stock price could be attributed to the announcement regarding the receipt of Net operating loss tax benefits. On Monday, before the opening of the market, AGRX announced that it had received $4.7 million in terms of net proceeds via selling the
Trading Advice

Lyra Therapeutics, Inc. (LYRA) Stock on a Bullish Ride, Here’s Why

Lyra Therapeutics, Inc. (LYRA), a clinical-stage therapeutics company, is having an outstanding time in the current market as it has soared by 24.21% and consequently is trading at $5.37 at the time of the writing. LYRA into Private Placement LYRA stock has started to climb following the announcement regarding private placement. Hours ago, Lyra has announced it has entered into a securities purchase agreement. The agreement is being done to serve the purpose of selling the securities in a private placement. The gross proceeds from the offering are estimated to be approximately $100.5 million. The offering is expected to close on
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Dingdong (Cayman) Ltd. (DDL) Stock on a Rising Trajectory, Here’s Why

Dingdong (Cayman) Ltd. (DDL), an e-commerce company, closed Tuesday’s regular session at $6.8 after rocketing 46.27% during the day. In the premarket trading session, DDL was trading at $7.35 after gaining an increase of 7.14 percentage points at the last check. Q4 2021 Results The most recent release from DDL was Q4 2021 financial results, announced on the 15th of February. In the fourth quarter, GMV saw an increase of 59.6% on a year-over-year basis to $942.2 million. The total revenues for the quarter saw an increase of 72% on a year-over-year basis to $860.5 million. The total number of orders

LBPS Stock
Trading Advice

4D pharma plc (LBPS) Stock Rocketing in Premarket, Here’s Why

 4D pharma plc (LBPS), a company engaged in developing biotherapeutic products, has rocketed 28.51% in the premarket trading session. Consequently, LBPS stock was trading at $6 when last checked. During Tuesday’s regular trading session, the stock soared by 7.33% to close the day at $4.67. The stock is on a consistent increase owing to the announcement of positive results of the study. LBPS Announced Results for Phase I/II Study of MRx0518 and KEYTRUDA Hours ago, LBPS announced the positive interim results for the phase I/II study of the combination of MRx0518 and KEYTRUDA®. KEYTRUDA is used in patients having solid tumours which
Trading Advice

Sonnet BioTherapeutics Holdings, Inc. (SONN) Stock on a Bullish Journey, Here’s the Cause

Sonnet BioTherapeutics Holdings, Inc. (SONN), a clinical-stage biotechnology company focused on oncology, has gained an increase of 18.43 percentage points in the pre-market trading session. Consequently, the stock was trading at $0.61 when last checked. During Wednesday’s regular trading session, the stock rocketed by 86.73% to close the day at $0.52. The tremendous increase followed the company’s announcement regarding the FDA clearance for its product. SONN Product Cleared from FDA On Wednesday, SONN announced that US FDA had cleared the Investigational New Drug (IND) application for SON-1010. SON-1010 is considered to be the proprietary version of Interleukin 12. The clearance would
Trading Advice

Red Cat Holdings, Inc. (RCAT) Stock Depicting Bullish Trend, Here’s Why

Red Cat Holdings, Inc. (RCAT), a holding company engaged in the drone industry, has soared 8.05% in aftermarket trading session. Consequently, the stock was trading at $2.95 when last checked. The rise in the aftermarket is the continuation of its upsurge in Monday’s regular trading session when it rocketed by 48.37% to close the day at $2.37. The stock price started to escalate following the selection of the company for the US armed forces. Teal Drones Selection for Reconnaissance Program On Monday, RCAT announced that Teal Drones, its subsidiary, has been selected for competing in the Short Range Reconnaissance Tranche 2

XOM Stock
Trading Advice

Excellon Resources Inc. (EXN) Stock Skyrocketing in Premarket, Here’s Why

Excellon Resources Inc. (EXN), a company involved in the exploration and mining of silver, has rocketed 171.43% in the premarket trading session. As a result, the stock was trading at $2.66 when last checked. During Thursday’s regular trading session, EXN stock gained an increase of 2.68 percentage points to close the day at $1.15. The humongous rise in premarket arrived as a result of the company’s announcement of gold opportunities at Kilgore. Gold Opportunities at Kilgore Project On Thursday, EXN reported an update regarding the ongoing review of high-grade gold opportunities at its Kilgore Project located in Idaho State. The company said
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Bumble Inc. (BMBL) Stock Surging in Aftermarket, Here’s the Reason

Bumble Inc. (BMBL), a company providing online dating and social networking platforms, has soared 19.57% in aftermarket trading session. Consequently, the stock was trading at $19.92 when last checked. During Tuesday’s regular trading session, the stock increased by 2.65% to close the day at $16.66. The surge in aftermarket could be attributed to the announcement of financial results. The optimistic guidance by the company has stirred investor interest in the stock. Q4 and FY 2021 Results On Tuesday, BMBL announced the results for Q4 and FY 2021. The period ended on 31st December 2021. The company generated revenue of $208 million during
Trading Advice

Imperial Petroleum Inc. (IMPP) Stock on a Roll in Aftermarket, Here’s Why

Imperial Petroleum Inc. (IMPP), a significant producer of crude oil, diluted bitumen, and natural gas, has soared 17.75% in the aftermarket trading session. Consequently, the stock was trading at $3.98 when last checked. During Friday’s regular trading session, the stock went berserk and increased by 53.64% to close the day at $3.38. The surge could mainly be associated with market-related factors, i.e. increased oil prices across the globe owing to geopolitical tensions, which have rocketed oil-related stocks to the extremes. Let’s have some discussion regarding recent developments related to IMPP stock. 2022 Investors Day On 22nd February, IMPP announced that

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