Short interest for Dragonfly Energy Hldgs gives investors a sense of the degree to which investors are betting on the decline of Dragonfly Energy Hldgs's stock. Short interest data is updated every two weeks.

Dragonfly Energy Hldgs Stock (NASDAQ:DFLI), Short Interest Report

Dragonfly Energy Hldgs

Dragonfly Energy Holdings Corp is a manufacturer of non-toxic deep cycle lithium-ion batteries that are designed to displace lead acid batteries in a number of different storage applications and end markets including RV, marine vessel, and solar and off-grid industries, with disruptive solid-state cell technology currently under development. The company's deep cycle lithium iron phosphate ("LFP") batteries provide numerous advantages compared to incumbent products, such as lead-acid batteries. LFP batteries are non-toxic and environmentally friendly, do not rely on scarce or controversial metals, and are a highly cost-effective storage solution.

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Dragonfly Energy Holdings Corp - Common Stock

Dragonfly Energy Holdings Corp

<p>Investors with significant funds have taken a bearish position in Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in WELL usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 8 options transactions for Welltower. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 50% bearish. Of all the options we discovered, 7 are puts, valued at $386,200, and there was a single call, worth $69,000.</p>
<h3>Projected Price Targets</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 for Welltower during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Welltower's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Welltower's significant trades, within a strike price range of $90.0 to $100.0, over the past month.</p>
<h3>Welltower 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715801525_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$4.0</td>
<td>$6.1</td>
<td>$90.00</td>
<td>$82.3K</td>
<td>276</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>WELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.3</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$90.00</td>
<td>$69.5K</td>
<td>276</td>
<td style="text-align: right;">367</td>
</tr>
<tr>
<td>WELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.3</td>
<td>$2.2</td>
<td>$2.3</td>
<td>$100.00</td>
<td>$69.0K</td>
<td>2.1K</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.3</td>
<td>$4.6</td>
<td>$6.1</td>
<td>$90.00</td>
<td>$62.8K</td>
<td>276</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>WELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.4</td>
<td>$4.7</td>
<td>$6.0</td>
<td>$90.00</td>
<td>$57.6K</td>
<td>276</td>
<td style="text-align: right;">670</td>
</tr>
</tbody>
</table>
</p>
<h3>About Welltower</h3>
<p>Welltower owns a diversified healthcare portfolio of 2,096 in-place properties spread across the senior housing, medical office, and skilled nursing/post-acute care sectors. The portfolio includes over 100 properties in both Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.</p>
<p>After a thorough review of the options trading surrounding Welltower, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Welltower</h3>
<ul>
<li>With a volume of 1,253,141, the price of WELL is up 1.8% at $100.6. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 75 days.</li>
</ul>
<h3>What The Experts Say On Welltower</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $105.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Welltower with a target price of $105. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Welltower, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

WELL

Unpacking the Latest Options Trading Trends in Welltower

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Nu Holdings</strong>.</p>
<p>Looking at options history for Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) we detected 16 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 12% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $166,413 and 13, calls, for a total amount of $669,546.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $14.0 for Nu Holdings during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nu Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nu Holdings's significant trades, within a strike price range of $7.0 to $14.0, over the past month.</p>
<h3>Nu Holdings Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715801520_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$1.05</td>
<td>$0.87</td>
<td>$0.89</td>
<td>$12.00</td>
<td>$102.1K</td>
<td>18.5K</td>
<td>3.6K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.08</td>
<td>$1.06</td>
<td>$1.07</td>
<td>$14.00</td>
<td>$80.5K</td>
<td>24</td>
<td>779</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.5</td>
<td>$4.6</td>
<td>$5.5</td>
<td>$7.00</td>
<td>$60.5K</td>
<td>9.6K</td>
<td>121</td>
</tr>
<tr>
<td>NU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.26</td>
<td>$0.23</td>
<td>$0.23</td>
<td>$12.00</td>
<td>$60.4K</td>
<td>9.9K</td>
<td>7.5K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$1.21</td>
<td>$1.1</td>
<td>$1.18</td>
<td>$12.00</td>
<td>$58.7K</td>
<td>18.5K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Nu Holdings</h3>
<p>Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.</p>
<p>After a thorough review of the options trading surrounding Nu Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Nu Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 43,292,092, with NU's price up by 3.51%, positioned at $11.96.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 90 days.</li>
</ul>
<h3>What The Experts Say On Nu Holdings</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $13.5.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Nu Holdings with a target price of $13. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Nu Holdings, targeting a price of $14. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Nu Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


A Closer Look at Nu Holdings's Options Market Dynamics

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Micron Technology</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 75 uncommon options trades for Micron Technology.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 38%, bearish.</p>
<p>Out of all of the special options we uncovered, 12 are puts, for a total amount of $528,959, and 63 are calls, for a total amount of $3,936,463.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $180.0 for Micron Technology during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Micron Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology's substantial trades, within a strike price spectrum from $65.0 to $180.0 over the preceding 30 days.</p>
<h3>Micron Technology Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715801515_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$40.1</td>
<td>$40.1</td>
<td>$40.1</td>
<td>$90.00</td>
<td>$160.4K</td>
<td>3.5K</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$42.05</td>
<td>$41.75</td>
<td>$41.87</td>
<td>$97.50</td>
<td>$125.6K</td>
<td>308</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.35</td>
<td>$5.25</td>
<td>$5.25</td>
<td>$180.00</td>
<td>$118.1K</td>
<td>2.0K</td>
<td style="text-align: right;">580</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$11.4</td>
<td>$11.3</td>
<td>$11.3</td>
<td>$120.00</td>
<td>$113.0K</td>
<td>275</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$8.5</td>
<td>$8.45</td>
<td>$8.5</td>
<td>$118.00</td>
<td>$109.6K</td>
<td>1.4K</td>
<td style="text-align: right;">330</td>
</tr>
</tbody>
</table>
</p>
<h3>About Micron Technology</h3>
<p>Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.</p>
<p>Having examined the options trading patterns of Micron Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Micron Technology's Current Market Status</h3>
<ul>
<li>Trading volume stands at 9,352,309, with MU's price up by 1.75%, positioned at $127.0.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
<h3>What Analysts Are Saying About Micron Technology</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $147.5.</p>
<ul>
<li>An analyst from Baird has elevated its stance to Outperform, setting a new price target at $150. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Micron Technology, targeting a price of $145. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Micron Technology options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


This Is What Whales Are Betting On Micron Technology

<p>Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) has outperformed the market over the past 5 years by 5.59% on an annualized basis producing an average annual return of 18.63%. Currently, Hess has a market capitalization of $48.89 billion. </p>
<p><strong>Buying $100 In HES:</strong> If an investor had bought $100 of HES stock 5 years ago, it would be worth <strong>$239.17</strong> today based on a price of $158.68 for HES at the time of writing.</p>
<h3>Hess's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715801426_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $100 Invested In Hess 5 Years Ago Would Be Worth Today

<p>W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) has outperformed the market over the past 5 years by 15.41% on an annualized basis producing an average annual return of 28.45%. Currently, W.W. Grainger has a market capitalization of $46.73 billion. </p>
<p><strong>Buying $1000 In GWW:</strong> If an investor had bought $1000 of GWW stock 5 years ago, it would be worth <strong>$3,517.73</strong> today based on a price of $952.32 for GWW at the time of writing.</p>
<h3>W.W. Grainger's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715801420_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,500 Today

<p>Flanigan'S Enterprises (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BDL#AMEX">BDL</a>) reported quarterly earnings of $1.04 per share. This is a 1.96 percent increase over earnings of $1.02 per share from the same period last year. The company reported $48.07 million in sales this quarter. This is a 9.74 percent increase over sales of $43.80 million the same period last year.</p>


Earnings

Flanigan'S Enterprises Q2 EPS $1.04 Up From $1.02 YoY, Sales $48.07M Up From $43.80M YoY

WIIM

NFLX

Netflix shares are trading higher on reports the company has reached 40 million global MAUs on its ad-supported plan. It was also reported the company will launch an in-house advertising program by the end of 2025.

<p>Truist Securities initiated coverage on <strong>Integer Holdings Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITGR#NYSE">ITGR</a>), noting the company as one of <a href="https://www.benzinga.com/insights/analyst-ratings/24/05/38851647/beyond-the-numbers-7-analysts-discuss-integer-holdings-stock">the largest med device</a> outsource manufacturers and a unique SMID MedTech asset.</p>
<p>The analyst notes Integer&#8217;s profitability and leveraged EPS growth prospects (1.5-2x that of revenue), which can sustain a high-teens 2023-2026 EPS CAGR.</p>
<p>Integer has increasing exposure (through the OEM supply chain) to growth segments &amp; emerging product cycles across the MedTech sector, Truist writes.</p>
<p>Also, a durable inorganic (tuck-in) strategy can add at least 1-2%+ on top of a high-single-digit organic top-line, the analyst adds.</p>
<p><em><strong>Related:</strong> <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38256857/medical-device-manufacture-integer-to-gain-from-expanding-pulsed-field-ablation-mar">Medical Device Manufacture Integer To Gain From Expanding Pulsed Field Ablation Market, Earns Upgrade From BofA</a>.</em></p>
<p>Truist initiates with a Buy rating and a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ITGR/analyst-ratings" rel="noreferrer noopener">price target of $137</a>.</p>
<p>Integer has an 18 to 20 percent share in its served markets, which total about $9 billion. The trend is toward increased manufacturer outsourcing as the industry seeks to reduce costs and add redundancy.</p>
<p>Truist notes that the &#8220;med device outsourcing sector is ripe for a player like Integer to drive consolidation as it leverages its growing scale within a highly fragmented market.&#8221;</p>
<p>Truist projects Integer to achieve 8-9% organic revenue growth, surpassing its weighted average market growth rate of 4%-6%, driven by the company&#8217;s strategic shift towards faster-growing markets, increased market share, and advantages of scale in a consolidating med device outsourcing industry.&nbsp;</p>
<p>Additionally, with an annual M&amp;A budget of $250-300 million, the analyst expects an additional 200 basis points of growth per year.</p>
<p>In April, Integer reported first-quarter adjusted EPS of $1.14, beating the consensus of $1.11. Sales were $414.81 million, up 10% (organic growth of 6%), beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38428155/integer-holdings-corporation-reports-first-quarter-2024-results" rel="noreferrer noopener">consensus of $412.83 million</a>.</p>
<p><strong>Price Action:</strong> ITGR shares are up 4.76% at $117.34 at last check Wednesday.</p>
<p><em>Now Read: <a href="https://www.benzinga.com/news/management/24/05/38853075/ryan-cohens-wealth-soars-on-gamestop-stock-rally-how-much-is-video-game-retailer-ceo-worth">Ryan Cohen&#8217;s Wealth Soars On GameStop Stock Rally: How Much Is Video Game Retailer CEO Worth?</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Analyst Color

Health Care

Initiation

Analyst Ratings

General

ITGR

Integer Can Drive Consolidation Of Medical Device Outsourcing, Bullish Analyst Projects

MGNI

Magnite shares are trading higher after Netflix said it would launch in-house advertising technology platform by the end of 2025.

The Trade Desk shares are trading higher after Netflix said it would launch in-house advertising technology platform by the end of 2025.

Netflix Reaches 40M Global MAUs On Ad-Supported Plan; Plans To Launch In-House Advertising Technology Platform By End Of 2025

<p><strong>SoFi Technologies Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), a prominent player in the online personal finance and banking sector, has been on a rollercoaster ride in the stock market over <a href="https://www.benzinga.com/quote/SOFI/news">the past year</a>.</p>
<p>The San Francisco-based company provides a wide array of financial products and services, including student loan refinancing, mortgages, personal loans, credit cards, investing and banking, accessible through both mobile and desktop interfaces.</p>
<h1 class="wp-block-heading"><strong>SoFi Stock Analyst &#8216;As Bullish As Ever&#8217;</strong></h1>
<p>SoFi stock was recently applauded by Mizuho Securities analyst <strong>Dan Dolev</strong>. Coming out of management meetings with SoFi executives, Mizuho analysts were &#8220;as bullish as ever.&#8221;</p>
<p>The analyst highlighted healthy internal indicators and noted the company is being cautious about personal loan growth due to less upbeat external indicators. The DQ loan sale has strong economics, and life of loan losses are on track, despite variability from new shorter-duration loans.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/news/24/04/38532031/whats-going-on-with-sofi-technologies-stock-after-earnings">What&#8217;s Going On With SoFi Technologies Stock After Earnings?</a></em></p>
<h1 class="wp-block-heading"><strong>Stock Performance Dynamic: What Do The Price Charts Say?</strong></h1>
<p>SoFi&#8217;s stock performance has been quite dynamic, with a 53.04% increase over the past year, contrasting with a -26.63% year-to-date decline. These fluctuations reflect the volatile nature of the market and the company&#8217;s response to various economic factors.</p>
<p>Let&#8217;s delve into the company&#8217;s stock price chart, and analyst ratings to understand its current position and potential for investors.</p>
<p><figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="628" height="453" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15134938/Screenshot-2024-05-15-at-6.19.38-PM.png" alt="" class="wp-image-340084" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15134938/Screenshot-2024-05-15-at-6.19.38-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15134938/Screenshot-2024-05-15-at-6.19.38-PM-300x216.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></figure></p>
<p><em><a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Chart: Benzinga Pro</a></em></p>
<p>The price chart analysis for SoFi stock reveals a mixed picture. The stock is currently experiencing buying pressure, with its 8-day simple moving average (SMA) at $7.18, 20-day SMA at $7.21 and the 50-day SMA at $7.30, all suggesting a bullish signal. </p>
<p>However, the 200-day SMA at $8, trading above the SoFi stock price of $7.62, indicates a bearish signal.</p>
<p><figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="628" height="453" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15135228/Screenshot-2024-05-15-at-6.20.02-PM.png" alt="" class="wp-image-340089" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15135228/Screenshot-2024-05-15-at-6.20.02-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/15135228/Screenshot-2024-05-15-at-6.20.02-PM-300x216.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></figure></p>
<p><em><a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Chart: Benzinga Pro</a></em></p>
<p>Similarly, the Moving Average Convergence Divergence (MACD) indicator stands at -0.03, suggesting a bearish momentum while the Relative Strength Index (RSI) of 58.42 indicates that SoFi stock is neither overbought nor oversold.</p>
<p>The Bollinger Bands have SoFi stock oscillating between the upper (bullish) and lower (bearish) band, giving mixed signals. Recent stock price movements, however, indicate a surge upwards within the upper band — a positive indication.</p>
<p>Overall, the technical indicators remain divided in their implication for SoFi stock.</p>
<h1 class="wp-block-heading"><strong>SoFi Analyst Sees 70% Upside Potential</strong></h1>
<p>Despite the mixed technical indicators, analysts seem optimistic about SoFi&#8217;s future. The <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings">consensus among analysts</a> is a buy, with a price target of $8.76, implying a 9.36% upside. </p>
<p>Recent analyst notes, such as one by Mizuho Securities which reiterated a buy rating with a price target of $12, implied a substantial 70% upside potential. These ratings highlight the confidence analysts have in SoFi&#8217;s growth prospects.</p>
<p>SoFi Technologies&#8217; stock performance reflects both market volatility and the company&#8217;s strategic decisions. While technical indicators provide a mixed outlook, analysts remain bullish on SoFi&#8217;s future, citing its prudent approach to personal loan growth and strong financial fundamentals.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38852642/wall-street-jumps-to-all-time-highs-on-soft-inflation-bond-yields-tumble-bitcoin-so">Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What&#8217;s Driving Markets Wednesday?</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Fintech news covering the emerging Financial Technology services sector

Fintech

Technicals

Tech

Personal Finance

SOFI

Analyst Remains 'Bullish As Ever' On SoFi Stock, Despite Bearish Signals From Price Chart

<p><strong>Modine Manufacturing's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) short percent of float has fallen 9.63% since its last report. The company recently reported that it has <strong>2.36 million shares sold short</strong>, which is 4.6% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.83 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Modine Manufacturing Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715800521_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Modine Manufacturing has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Modine Manufacturing's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Modine Manufacturing's peer group average for short interest as a percentage of float is 7.60%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

How Is The Market Feeling About Modine Manufacturing?

<p><strong>Dick's Sporting Goods's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) short percent of float has risen 5.12% since its last report. The company recently reported that it has <strong>5.52 million shares sold short</strong>, which is 13.35% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Dick's Sporting Goods Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715800516_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Dick's Sporting Goods has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Dick's Sporting Goods's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dick's Sporting Goods's peer group average for short interest as a percentage of float is 14.50%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


How Is The Market Feeling About Dick's Sporting Goods?

<p><strong>Extra Space Storage's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) short percent of float has risen 5.95% since its last report. The company recently reported that it has <strong>4.11 million shares sold short</strong>, which is 1.96% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.98 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Extra Space Storage Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715800511_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Extra Space Storage has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Extra Space Storage's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Extra Space Storage's peer group average for short interest as a percentage of float is 4.08%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


How Is The Market Feeling About Extra Space Storage?

<p>HC Wainwright &amp; Co.  analyst Scott Buck   maintains Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) with a Buy and lowers the price target from $3 to $2.</p>


Price Target

ARQQ

HC Wainwright & Co. Maintains Buy on Arqit Quantum, Lowers Price Target to $2

<p>Prominent crypto trader <strong>DonAlt</strong> took to his social media account with candid insights, hinting at a potential market peak amid what he perceives <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38843588/millionaire-trader-up-7-figures-in-48-hours-on-gamestop-and-amc-meme-coins-on-solana">as heightened irrationality</a> and negativity.</p>
<p><strong>What Happened:</strong> DonAlt voices a gut feeling that the market might have hit its peak, despite not expecting it anytime soon. He notes an unprecedented level of hate in his comments, which he views as an indicator of market sentiment. "The hate in my comments is at ATH," he observes, implying that heightened emotions often coincide with market tops.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Anyway cycle top kinda mood today<br /><br />Very weird I didn&#39;t think we&#39;d be even close, I&#39;ll ponder over it some more, maybe my gut is off on it this time</p>
<p>&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1790360059064598578?ref_src=twsrc%5Etfw">May 14, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>He attributes this potential peak to the current state of the market, describing it as being "objectively weak while it should be strong." DonAlt argues that this combination of a weak market and high irrationality spells trouble and highlights his concern about the sophistication of market participants.</p>
<p>Challenging the prevailing narrative, DonAlt questions the assumption of <strong>Ethereum</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;perpetual dominance alongside <strong>Bitcoin </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), suggesting it&#8217;s a risky strategy to solely rely on both assets. "I'm one of the few people that thinks ETH does not have to stay around forever," he says, calling out the "Buy BTC and ETH and chill" strategy as risky.</p>
<p><figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure></p>
<p><em>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38852191/this-trader-sees-a-barbell-portfolio-of-btc-and-memes-as-most-profitable-trading-strategy">This Trader Sees A &#8216;Barbell Portfolio Of BTC And Memes&#8217; As Most Profitable Trading Strategy</a></em></p>
<p><strong>Why It Matters:</strong> DonAlt expresses certainty that the cycle top is in, although he acknowledges that he could be wrong. He is particularly bearish on meme coins, stating, "I&#8217;m personally convinced it&#8217;s over for memes," predicting a significant crash for this segment of the market.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">I&#39;m personally convinced it&#39;s over for memes, rest of the market might get out of this ok but I&#39;m expecting memes to giga rug<br /><br />GL if your portfolio is in the 10th iteration of a dog or a cat</p>
<p>&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1790768872917742029?ref_src=twsrc%5Etfw">May 15, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>He warns that the market&#8217;s current delusional state could lead to significant downsides and ponders the potential of a complacency bounce. "I&#8217;m mostly wondering how high a complacency bounce could go and whether I actually wanna fund a proper leverage account again to short it," he contemplates.</p>
<p>Regarding trades, DonAlt plans to short <strong>Dogwifhat </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) range high, targeting below the range low. He also notes a bullish breakout for <strong>Pepe</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), planning to short if it falls back into the range. He concludes, &#8220;Prefer WIF but might spread my bets,&#8221; he concludes. For Bitcoin, Donalt <a href="https://twitter.com/CryptoDonAlt/status/1790743729659138499">plans</a> to &#8220;short with size&#8221; if it reaches his original top target of $80,000 to $90,000 or buy in case it &#8220;nukes.&#8221;</p>
<p><strong>What&#8217;s Next</strong>: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19. </p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38843580/why-this-crypto-market-is-a-bear-trap-and-which-coins-this-trader-is-backing">Why This Crypto Market Is &#8216;A Bear Trap&#8217; And Which Coins This Trader Is Backing</a></em></p>
<p><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Image: Shutterstock</em></p>


$BTC

$PEPE

$WIF

Veteran Trader DonAlt Signals Potential 'Cycle Top', Says 'It's Over For Memes'

<p>JMP Securities  analyst Devin Ryan   downgrades Capital Southwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWC#NASDAQ">CSWC</a>) from Market Outperform to Market Perform.</p>


Downgrades

CSWC

JMP Securities Downgrades Capital Southwest to Market Perform

Macro Economic Events

Economics

Oil is trading higher following a larger-than-expected draw in US crude inventories.

<p>Over the past 24 hours, <strong>Lido Staked Ether's</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STETH</a>) price has risen 3.8% to <strong>$2,991.94</strong>. This is contrary to its negative trend over the past week where it has experienced a 1.0% loss, moving from $3,010.63 to its current price. As it stands right now, <strong>the coin's all-time high is $4,829.57</strong>. </p>
<p>The chart below compares the price movement and volatility for Lido Staked Ether over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715799821_0.png" alt="price_chart" /></p>
<p>The trading volume for the coin has increased 2.0% over the past week while the overall circulating supply of the coin has increased 0.08% to over 9.37 million. The current market cap ranking for STETH is #8 at $27.97 billion.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715799821_1.png" alt="supply_and_vol" /></p>
<p><a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$STETH

Lido Staked Ether Up More Than 3% In 24 hours

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Dragonfly Energy</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/"><strong>DFLI</strong></a>) stock is heading higher on Tuesday alongside its earnings report for the <a href="https://www.nasdaq.com/press-release/dragonfly-energy-reports-fourth-quarter-2023-and-full-year-financial-results-2024-04">fourth quarter of 2023</a>.</p>



<p>In that report, the company posted earnings per share of 5 cents. That&rsquo;s much better than the -20 cents per share that Wall Street was expecting for the quarter. It&rsquo;s also a massive improvement over the -76 cents per share from the same period of the year prior.</p>



<p>Unfortunately, its revenue of $10.4 million is less impressive, That missed analysts&rsquo; estimate of $12.24 million for the quarter. It&rsquo;s also a major drop from the $20.2 million reported in Q4 2022.</p>



<p>Here&rsquo;s what Dragonfly Energy CEO Denis Phares said in the earnings report.</p>




<p>&ldquo;We are extremely excited about 2024 as the convergence of the new cell manufacturing, the expansion of our customer base and market segments, and the stabilization and return to growth of the RV markets sets the stage for an expected return to growth.&rdquo;</p>




<h2>What&rsquo;s Next for DFLI Stock?</h2>



<p>The company&rsquo;s guidance for the first quarter of 2024 includes EPS of -13 cents to -17 cents alongside revenue between $12 million and $13 million. For comparison, Wall Street is expecting -15 cents per share on revenue of $14.1 million for the quarter.</p>



<p>DFLI stock is up 55.6% as of Tuesday morning with more than 6 million shares traded. The company&rsquo;s daily average trading volume is about 293,000 shares.</p>



<p>Investors will find more of the most recent stock market stories below!</p>



<p>We have all of the hottest stock market news ready to go on Tuesday! Among that is what is happening with shares of <strong>Dynatronics&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/dynt-stock-quote/"><strong>DYNT</strong></a>) stock, the biggest pre-market stock movers and more. All of this info is ready to go at the following links!</p>



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-dynatronics-dynt-stock-up-93-today/">Why Is Dynatronics (DYNT) Stock Up 93% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-april-16th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Tuesday</a></li>



<li><a href="https://investorplace.com/2024/04/fisker-stock-soars-120-on-new-dealer-partner-news-despite-bankruptcy-risk/">Fisker Stock Soars 120% on New Dealer Partner News Despite Bankruptcy Risk</a></li>
</ul><p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Ryvyl&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/rvyl-stock-quote/"><strong>RVYL</strong></a>) stock is falling on Tuesday after the blockchain-based payment solutions company announced a <a href="https://www.nasdaq.com/press-release/ryvyl-inc.-announces-launch-of-proposed-underwritten-public-offering-2024-04-15">proposed public offering</a> for its shares.</p>



<p>Ryvyl&nbsp;hasn&rsquo;t pinned down the specific details of this offering just yet. That means we don&rsquo;t know how many shares it will include or what they will be priced at.</p>



<p>What we do know about the RVYL stock offering is an agreement with the underwriter. This allows the firm to purchase an additional 15% of the number of shares offered for the same price. Underwriter Joseph Gunnar &amp; Co., LLC will have 45 days after the offering to exercise this right.</p>



<h2>What This Means for RVYL Stock</h2>



<p>Investors are often wary of public stock offerings for a couple of reasons. The first is the ability of the offering to dilute their stakes in the company. That&rsquo;s due to it introducing new outstanding shares to the market.</p>



<p>The second reason investors don&rsquo;t react well to public offerings are the pricing. Shares sold this way are often discounted from current prices. This causes the stock to drop and isn&rsquo;t well received by stockholders. That&rsquo;s concern is still true for this offering even if we don&rsquo;t know the price of it just yet.</p>



<p>RVYL stock is down 9.8% as of Tuesday morning with some 144,000 shares traded. The company&rsquo;s daily average trading volume is below that at roughly 26,000 shares.</p>



<p>There are more stock market stories traders will want to read about below!</p>



<p>We have all of the hottest stock market news ready to go on Tuesday! A few examples include what&rsquo;s rising shares of <strong>Dragonfly Energy</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/"><strong>DFLI</strong></a>)&nbsp;and <strong>Dynatronics&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/dynt-stock-quote/"><strong>DYNT</strong></a>) stock, as well as the biggest pre-market stock movers. All of this news is available at the following links!</p>



<h2>More Tuesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-dragonfly-energy-dfli-stock-up-56-today/">Why Is Dragonfly Energy (DFLI) Stock Up 56% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-dynatronics-dynt-stock-up-93-today/">Why Is Dynatronics (DYNT) Stock Up 93% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-april-16th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Tuesday</a></li>
</ul><p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



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<p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/04/why-is-ryvyl-rvyl-stock-down-10-today/">Why Is Ryvyl (RVYL) Stock Down 10% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Why Is Ryvyl (RVYL) Stock Down 10% Today?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Calidi Biotherapeutics</strong>&nbsp;(NYSEMKT:<a href="https://investorplace.com/stock-quotes/cldi-stock-quote/"><strong>CLDI</strong></a>) stock is falling on Tuesday after the clinical stage immuno-oncology company <a href="https://finance.yahoo.com/news/calidi-biotherapeutics-inc-announces-pricing-123100345.html">priced a public offering</a> of its shares.</p>



<p>The company is selling 15,197,500 shares of CLDI stock for 40 cents per share. Each of these shares also comes with several warrants to acquire additional shares of Calidi Biotherapeutics.</p>



<p>The warrants included in this offering include Series A Common Warrants and Series B Unit Warrants. Each of these includes one share of CLDI stock and a Series B-1 Common Warrant and Series C Unit Warrant. The Series B-1 Common Warrant and Series C Unit Warrant are exercisable for one share of common stock and a Series C-1 Common Warrant.</p>



<p>All of the common warrants in this offering are exercisable for 60 cents. Series A Common Warrants, Series B Unit Warrants and Series C Unit Warrants are exercisable immediately.</p>



<p>The Series A Common Warrant, the Series B-1 Warrant and the Series C-1 Common Warrant expire in five years, the Series B common warrants expire in 12 months and the Series C common warrants expire in four months.</p>



<h2>CLDI Stock Offering Plans</h2>



<p>Calidi Biotherapeutics notes that it expects gross proceeds of $6.1 million from this offering. The company intends to use this money for working capital and general corporate purposes, as well as for pre-clinical and clinical trials.</p>



<p>The reason all this has stock down today is the fear of dilution of stockholder&rsquo;s stakes in Calidi Biotherapeutics. Adding to that is the offering price of 40 cents being below its prior closing price.</p>



<p>CLDI stock is down 50.8% as of Tuesday morning.</p>



<p>There are more stock market stories available below!</p>



<p>We have all of the latest stock market news on Tuesday! That includes everything happening with shares of <strong>Ryvyl&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/rvyl-stock-quote/"><strong>RVYL</strong></a>) stock, <strong>Dragonfly Energy</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/"><strong>DFLI</strong></a>) stock and <strong>Dynatronics&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/dynt-stock-quote/"><strong>DYNT</strong></a>) stock today. All of that news is available at the following links!</p>



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-ryvyl-rvyl-stock-down-10-today/">Why Is Ryvyl (RVYL) Stock Down 10% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-dragonfly-energy-dfli-stock-up-56-today/">Why Is Dragonfly Energy (DFLI) Stock Up 56% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-dynatronics-dynt-stock-up-93-today/">Why Is Dynatronics (DYNT) Stock Up 93% Today?</a></li>
</ul><p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



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<p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s time to dive into the biggest pre-market stock movers with all of the hottest news worth reading about on Wednesday!</p>



<p>Moving stocks this morning are earnings reports, acquisition plans, new drug data and more.</p>



<p>Let&rsquo;s get into that news below!</p>



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li><strong>INVO Bioscience</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/invo-stock-quote/"><strong>INVO</strong></a>) stock is rocketing more than 55% alongside its <a href="https://finance.yahoo.com/news/invo-reports-fourth-quarter-full-205900118.html">Q4 earnings report</a>.</li>



<li><strong>Vanda Pharmaceuticals </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/vnda-stock-quote/"><strong>VNDA</strong></a>) shares are soaring over 38% on <a href="https://www.nasdaq.com/press-release/future-pak-confirms-proposal-to-acquire-vanda-pharmaceuticals-for-%247.25-to-%247.75-per">a firm acquisition proposal</a>.</li>



<li><strong>VIA Optronics</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/viao-stock-quote/"><strong>VIAO</strong></a>) stock is surging more than 32% with heavy pre-market trading.</li>



<li><strong>Clene </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/clnn-stock-quote/"><strong>CLNN</strong></a>) shares are rising over 26% on <a href="https://seekingalpha.com/news/4090283-clene-stock-rallies-post-market-on-ms-drug-data?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain%7Csection%3Aon-the-move">new drug data</a>.</li>



<li><strong>Chromocell Therapeutics</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/chro-stock-quote/"><strong>CHRO</strong></a>) stock is gaining more than 26% on an update to a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318239123&amp;type=PDF&amp;symbol=CHRO&amp;cdn=722216dc7f57070dff83767fe9648f9d&amp;companyName=Chromocell+Therapeutics+Corporation&amp;formType=424B3&amp;formDescription=Prospectus+%5BRule+424%28b%29%283%29%5D&amp;dateFiled=2024-04-17">secondary stock offering</a>.</li>



<li><strong>CXApp </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cxai-stock-quote/"><strong>CXAI</strong></a>) shares are increasing over 26% with its <a href="https://www.marketwatch.com/story/cxapp-shares-rise-29-on-4q-2023-annual-recurring-revenue-growth-13f8abea">latest earnings report</a>.</li>



<li><strong>Seelos Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/seel-stock-quote/"><strong>SEEL</strong></a>) stock is climbing more than 24% without any clear news on Wednesday morning.</li>



<li><strong>Mobile Global Esports</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/mgam-stock-quote/"><strong>MGAM</strong></a>) shares are getting a 22% boost as it <a href="https://investorplace.com/2024/04/why-is-mobile-global-esports-mgam-stock-down-18-today/">prepares for delisting</a>.</li>



<li><strong>Gamer Pakistan</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/gpak-stock-quote/"><strong>GPAK</strong></a>) stock is jumping 21% despite a lack of news today.</li>



<li><strong>Galera Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/grtx-stock-quote/"><strong>GRTX</strong></a>) shares are up over 19% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318238318&amp;type=PDF&amp;symbol=GRTX&amp;cdn=6788b7c94daccbdc9a6c5412e270d44c&amp;companyName=Galera+Therapeutics+Inc.&amp;formType=SC+13G&amp;formDescription=Statement+of+acquisition+of+beneficial+ownership+by+individuals&amp;dateFiled=2024-04-16">shareholder stake update</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li><strong>Trilogy Metals</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/tmq-stock-quote/"><strong>TMQ</strong></a>) stock is plummeting more than 22% <a href="https://www.nasdaq.com/press-release/trilogy-metals-provides-update-on-the-ambler-access-project-2024-04-17">following an update</a> to its Ambler Access Project.</li>



<li><strong>Trio Petroleum</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/tpet-stock-quote/"><strong>TPET</strong></a>) shares are diving over 20% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318239194&amp;type=PDF&amp;symbol=TPET&amp;cdn=fb7a5495a316777660288b1087458323&amp;companyName=Trio+Petroleum+Corp.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-17">securing senior notes and a purchase agreement</a>.</li>



<li><strong>Connexa Sports Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/yyai-stock-quote/"><strong>YYAI</strong></a>) stock is tumbling more than 18% on Wednesday morning.</li>



<li><strong>Destiny Tech100</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/"><strong>DXYZ</strong></a>) shares are taking a close to 18% beating following a rally yesterday.</li>



<li><strong>Ontrak </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/otrk-stock-quote/"><strong>OTRK</strong></a>) stock is sliding over 16% with the release of its <a href="https://finance.yahoo.com/news/ontrak-announces-2023-fourth-quarter-200500612.html">Q4 2023 earnings report</a>.</li>



<li><strong>Dragonfly Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/"><strong>DFLI</strong></a>) shares are retreating more than 16% <a href="https://investorplace.com/2024/04/why-is-dragonfly-energy-dfli-stock-up-56-today/">after rallying yesterday</a>.</li>



<li><strong>Dynatronics </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/dynt-stock-quote/"><strong>DYNT</strong></a>) stock is pulling back over 16% <a href="https://investorplace.com/2024/04/why-is-dynatronics-dynt-stock-up-93-today/">after rising on Tuesday</a>.</li>



<li><strong>Ryvyl </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/rvyl-stock-quote/"><strong>RVYL</strong></a>) shares are still falling more than 15% despite <a href="https://www.nasdaq.com/press-release/ryvyl-inc.-announces-cancellation-of-proposed-underwritten-public-offering-2024-04-16">canceling a proposed public offering</a>.</li>



<li><strong>Hub Cyber Security</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hubc-stock-quote/"><strong>HUBC</strong></a>) stock is dropping over 14% <a href="https://investorplace.com/2024/04/why-is-hub-cyber-security-hubc-stock-up-35-today/">after a rally yesterday</a>.</li>



<li><strong>iSun </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/isun-stock-quote/"><strong>ISUN</strong></a>) shares close out our pre-market stock movers down more than 13% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318238741&amp;type=PDF&amp;symbol=ISUN&amp;cdn=82f25393dbc89b776256155c3f0856b7&amp;companyName=iSun+Inc.&amp;formType=10-K&amp;formDescription=Annual+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-04-16">on an investor update</a>.</li>
</ol><p><em>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
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	<p>The post <a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-april-17th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

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<p>When dealing with speculative investments &ndash; especially overlooked <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> &ndash; prospective participants must first acknowledge the risks. It&rsquo;s a wild world out there. Anything can happen and if I may be blunt, that &ldquo;anything&rdquo; tends to be something bad.</p>



<p>Unfortunately, if you choose 10 overlooked penny stocks, having two of them be winners is a good day at the office. This arena reminds me of baseball. In practically, no other industry would a success rate of 30% be considered anywhere near acceptable. But if you&rsquo;re a baseball player batting .300? You&rsquo;re going to be in the starting lineup for someone.</p>



<p>The other thing about this investment category is that you have to be disciplined: you must know when to cut your losses and when to take profits. Both factors are crucial for success. Otherwise, you will lose, and lose badly. If you&rsquo;re okay with that, these are the overlooked penny stocks to put on your radar.</p>



<h2>Niu Technologies (NIU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/penny-1600-300x169.jpg" alt="Pennies in a jar on top of a background of blurred pennies. Penny stocks."><div>Source: John Brueske / Shutterstock</div></div><p>Based in China, <strong>Niu Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/niu-stock-quote/"><strong>NIU</strong></a>) designs, manufactures and sells smart electric scooters. Fundamentally, the idea of electric mobility has come <a href="https://investorplace.com/2024/04/rivn-stock-alert-rivian-gets-hit-with-new-class-action-lawsuit/">under significant pressure</a> due to a host of reasons. Primarily, economic jitters combined with high prices of electric vehicles relative to their combustion-powered counterparts have contributed to the fallout. However, electric scooters may be a different story.</p>



<p>Basically, scooters provide a mix of the best of both worlds: by deploying them within urban centers, you can help solve the last-mile problem. At the same time, the platform adds to the zero-emissions goal that nations everywhere are gradually implementing. So, Niu helps forward convenience under a more sustainable directive &ndash; it&rsquo;s a win-win.</p>



<p>To be sure, analysts aren&rsquo;t exactly clamoring over NIU. However, that makes it one of the overlooked penny stocks. Still, the projections that are available call for fiscal 2024 earnings per share to reach 20 cents. That&rsquo;s a big jump from a loss of 48 cents one year ago. Also, revenue may rise to $467.81 million, up nearly 28% from 2023&rsquo;s tally.</p>



<h2>Dragonfly Energy (DFLI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p>Headquartered in Reno, Nevada, <strong>Dragonfly Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/"><strong>DFLI</strong></a>) engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries. It also serves industrial and energy storage markets. With the broader push for clean and sustainable solutions &ndash; particularly amid the geopolitical backdrop &ndash; Dragonfly enjoys a relevant narrative.</p>



<p>Whether that translates to significant profitability remains to be seen. Currently, only one analyst within the past three months has covered DFLI. However, when extending the coverage spectrum to August of last year, DFLI actually carries a <a href="https://www.tipranks.com/stocks/dfli/forecast">unanimous buy rating</a>. Notably, the high-side target calls for a per-share price of $3, implying over 270% upside potential.</p>



<p>What&rsquo;s intriguing here is that covering experts call for fiscal 2024 revenue to land at $68.28 million. That&rsquo;s up 6% from last year&rsquo;s haul of $64.39 million. However, the most optimistic target calls for $76.21 million. Now, fiscal 2025 could be a huge year, with sales projected to reach $115.92 million. Therefore, it&rsquo;s a good idea to keep Dragonfly on your radar of overlooked penny stocks.</p>



<h2>PHX Minerals (PHX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div><p>Calling Fort Worth, Texas home, <strong>PHX Minerals</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/phx-stock-quote/"><strong>PHX</strong></a>) specializes in oil and gas exploration and production. That&rsquo;s a fancy term for the upstream component of the hydrocarbon value chain. Per its <a href="https://finance.yahoo.com/quote/PHX/profile">public profile</a>, PHX produces and sells natural gas, crude oil and natural gas liquids. Because the world runs on oil, PHX effectively enjoys a permanently relevant profile.</p>



<p>However, with the geopolitical backdrop threatening to disrupt global oil supply chains, the company could become even more valuable. However, PHX is only up less than 2% since the start of the year. I think that&rsquo;s ridiculously underappreciated considering the fundamentals. Therefore, it belongs on your speculative list of overlooked penny stocks.</p>



<p>What makes PHX a perplexing idea is that it features a <a href="https://www.tipranks.com/stocks/phx/forecast">unanimous strong buy rating</a> with a $4.85 average price target. At the same time, data from Yahoo Finance reveals that these same experts anticipate earnings and revenue declines for fiscal 2024, with improvements only coming in fiscal 2025.</p>



<p>Frankly, I think the financial forecast will be pushed ahead of schedule. It&rsquo;s one of the overlooked penny stocks to consider.</p>



<h2>Vertex Energy (VTNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div><p>Headquartered in Houston, Texas, <strong>Vertex Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/vtnr-stock-quote/"><strong>VTNR</strong></a>) is an energy transition company. It focuses on the production and distribution of conventional and alternative fuels. <a href="https://finance.yahoo.com/quote/VTNR/profile">Per its corporate profile</a>, Vertex engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It also sells ferrous and non-ferrous recyclable metal products.</p>



<p>Now, to be clear, VTNR represents an extremely risky idea among overlooked penny stocks. Since the start of the year, shares stumbled nearly 31%. That&rsquo;s ugly. At the same time, over the past five sessions, the security gained almost 70% of equity value. That&rsquo;s more like it.</p>



<p>Analysts are looking at Vertex as a <a href="https://www.tipranks.com/stocks/vtnr/forecast">moderate buy with a $2.51 average price target</a>. That implies over 49% upside potential, with the high-side target aiming for $4. Now, for the current fiscal year, the experts see revenue (on a consensus basis) declining about 2% from last year.</p>



<p>However, the geopolitical context may lead to a pushing up of the fiscal 2025 revenue target of $3.43 billion. That&rsquo;s up 9.8% form projected 2024 sales.</p>



<h2>Purple Innovation (PRPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div><p>Hailing from Lehi, Utah, <strong>Purple Innovation</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/prpl-stock-quote/"><strong>PRPL</strong></a>) designs and manufactures sleep and other products in the U.S. and internationally. The company offers a wide variety of sleep-related products: mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases &ndash; you get the idea. It markets and sells its products through its e-commerce online channels, retail brick-and-mortar wholesale partners, third-party online retailers and Purple showrooms.</p>



<p>Sleep is very important. According to Straits Research, the <a href="https://straitsresearch.com/report/sleep-market">global sleep market</a> &ndash; which includes everything from bedding products to pharmaceuticals &ndash; represents $60.35 billion industry. By 2031, the sector could be worth $102.07 billion, implying a compound annual growth rate (CAGR) of 5.91% from 2023. A good night&rsquo;s rest aids economic productivity. While Purple may be boring, it&rsquo;s in my opinion one of the overlooked penny stocks.</p>



<p>Covering experts see the company generating revenue of $548.91 million. That&rsquo;s up 7.5% from last year&rsquo;s tally of $510.54 million. Further, fiscal 2025 sales could hit $594.07 million, implying 8.2% growth from projected 2024 revenue. With the enterprise forecasted for steady growth in a relevant sector, it&rsquo;s one of the overlooked penny stocks to buy.</p>



<h2>AXT (AXTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div><p>Based in Fremont, California, <strong>AXT</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/axti-stock-quote/"><strong>AXTI</strong></a>) designs, develops, manufactures, and distributes compound and single-element semiconductor substrates. The company offers <a href="https://finance.yahoo.com/quote/AXTI/profile">indium phosphide</a> for use in multiple applications. These include high-speed data transfer protocols in data centers, 5G communications, fiber optic lasers and detectors, among myriad other applications. Long story short, it&rsquo;s a relevant idea among overlooked penny stocks to buy.</p>



<p>AXTI is up over 18% on a year-to-date basis. It was up much higher than that earlier this year, reflecting the wild choppiness of the idea. Still, it also presents speculators with an opportunity for significant growth. In the trailing month, AXTI lost almost 38% of equity value. However, analysts rate shares a unanimous strong buy with a $5.30 average price target. Shares exceeded this target in March so the potential is there.</p>



<p>Even more compelling, experts are calling for fiscal 2024 sales to hit $93.79 million. That&rsquo;s up 23.7% from last year&rsquo;s tally of $75.8 million. What&rsquo;s more, the high-side target calls for $104.5 million. In fiscal 2025, revenue could land at $130.62 million, up 39.3% from projected 2024 sales.</p>



<h2>Ceragon Networks (CRNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-stack-chart-300x169.jpg" alt="a stack of pennies and a calculator lay stop a graph of market movements. Penny Stocks"><div>Source: Shutterstock</div></div><p>Based in Israel, <strong>Ceragon Networks</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crnt-stock-quote/"><strong>CRNT</strong></a>) together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers. The company&rsquo;s solutions use microwave and millimeter wave radio technology to <a href="https://finance.yahoo.com/quote/CRNT/profile">transfer telecommunication traffic</a> between base stations, small/distributed cells, and the service provider&rsquo;s network. It&rsquo;s a vital cog in the broader communications ecosystem.</p>



<p>Notably, CRNT is a strong performer in the charts. Since the start of the year, shares gained over 32%. In the past 52 weeks, they&rsquo;ve managed to return more than 54% of equity value. However, CRNT is also encountering near-term volatility, falling over 15% in the trailing month. For the speculative types, this could be the juncture to get a discounted price.</p>



<p>For the current fiscal year, analysts are looking for EPS of 31 cents, a big improvement over last year&rsquo;s 9-cent EPS. Also, they&rsquo;re projecting sales of $394.13 million, which implies 13.5% upside from 2023&rsquo;s tally of $347.18 million. Further, in fiscal 2025, the top line could expand to $418.74 million, up 6.2% from projected 2024 sales.</p>



<p><strong>Penny Stocks</strong></p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em>Read More:&nbsp;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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