Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.

Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.

The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them. Here is a look at the Benzinga Stock Whisper Index for the week of Oct. 20, 2023:

NuZee Inc NUZE: The micro-cap, low-float coffee company saw shares extremely volatile on the week after announcing a new public offering. NuZee announced a public offering of 425,000 shares at a price of $3 each. The offering price was below where shares were trading at the time and the stock price quickly fell, now down over 40% in the last five days. The public offering is expected to close around Oct. 20, with book-running manager Maxim Group LLC having the option to purchase an additional 63,750 shares at $3. Shares of NuZee have traded between $2.61 to $21.35 over the last 52-weeks and trade at $2.86 at the time of writing.

Bridger Aerospace Group Holdings BAER: The aerial firefighting company saw shares drop after announcing a public offering of $70 million. The company said it plans to use the net proceeds to purchase four additional aircraft and to help fund its recently announced acquisition of Bighorn Airways. The company also shared in an SEC filing that it expects third quarter revenue to be between $51 million and $55 million, compared to $32.5 million in the prior year’s third quarter. The company indicated that the third quarter saw net income of $15 million to $19 million, compared to a loss of $5.6 million a year ago. Bridger said the preliminary results show this was the best quarter in company history.

Spectral AI MDAI: The medical diagnostics company saw shares trade higher on the week after announcing that its DeepView SnapShot Wound Imaging System received Class 1 medical device classification with the FDA in the U.S. and was marked for use in the U.K.

“We are confident that our unique AI-driven imaging platform will empower healthcare professionals in making critical decisions around the world, and these regulatory developments are significant steps towards achieving that goal,” Spectral AI CEO Wensheng Fan said.

SeaStar Medical Holding Corporation ICU: The medical technology company saw shares move higher during the week after it announced it received FDA Breakthrough Device Designation for its Selective Cytopherectic Device. This marked the third Breakthrough Device Designation from the FDA for SeaStar Medical. The latest designation could expand the use cases for the device, which is used in hospital ICUs for patients with certain kidney injuries and liver failures. Shares of SeaStar are up nearly 100% in the last five days, but remain down nearly 70% over the last year.

Nokia Corporation NOK: Shares of the telecommunications company fell after third quarter financial results were reported. The company saw third-quarter sales down 20% year-over-year. Network Infrastructure sector sales were down 14% year-over-year, and Mobile Networks saw sales drop 19% year-over-year. Nokia announced several cost-cutting initiatives and reiterated its full-year guidance. The stock saw strong interest from readers during the week. Shares of Nokia are down 30% in the last year and trading near a 52-week low.

Check out the most recent Stock Whisper reports here:

Sept. 29

Oct. 6

Oct. 13

Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.